{"data":{"id":"us-dc/d.c.-code-26-831.20","jurisdiction":"us-dc","citation":"D.C. Code § 26-831.20","heading":"Authority of conservator to borrow money; purpose.","body":"(a)\nWith the prior approval of the Commissioner, the conservator of a merchant bank may borrow money to aid in the operation, reorganization, or liquidation of the bank, including the payment of liquidating dividends.\n\n(b)\nWith the prior approval of the Commissioner, the conservator may secure money borrowed under subsection (a) of this section by the pledge, hypothecation, or mortgage of the assets of the 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/26-831.20","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"e9ba0c3038f4667e4b8dc11753b5de7944f359822da3ccab92a813417ea20d8c","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-26-831.19","next":"us-dc/d.c.-code-26-831.21"},"notice":"GroundRules: Original legal text. Not legal advice."}