{"data":{"id":"us-dc/d.c.-code-26-831.17","jurisdiction":"us-dc","citation":"D.C. Code § 26-831.17","heading":"Maintenance and disposal of records by receiver.","body":"(a)\nWith the approval of the Superior Court, a receiver may dispose of records of the merchant bank in receivership that are obsolete and unnecessary to the continued administration of the receivership.\n\n(b)\nThe receiver may retain the records of the merchant bank and the receivership for a period of time that the receiver considers appropriate or for a period of time as ordered by the Superior Court.\n\n(c)\nThe receiver may devise a method for the effective, efficient, and economical maintenance of the records of the merchant bank and of the receiver’s office, including maintaining the records on any medium approved by the Superior Court.\n\n(d)\nThe receiver may use assets of a merchant bank to:\n(1)\nProcure services to maintain the records of a liquidated merchant bank; or\n(2)\nPay fees, as established by the Commissioner, to the Commissioner necessary for the Commissioner to procure services to maintain the records of a liquidated merchant bank.","path":["Title 26. Banks and Other Financial Institutions.","Chapter 8A. Merchant Banks.","Subchapter V. Commissioner Possession, Receivership, Conservatorship, and Liquidation of Merchant Banks."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/26-831.17","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"1d561957e3603c19f56c6154c3832c93b5c82003ec9f99d8fe7ac08305906be5","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-26-831.16","next":"us-dc/d.c.-code-26-831.18"},"notice":"GroundRules: Original legal text. Not legal advice."}