1. (a) An international banking corporation may transact a banking business, or maintain in the District of Columbia an office for carrying on such business, or any part thereof, if the corporation has:

   1. (1) Been authorized by its charter to carry on a banking business and has complied with the laws of the jurisdiction in which it is chartered;
   2. (2) Furnished to the Department such proof as to the nature and character of its business and as to its financial condition as the Department may require;
   3. (3) Filed with the Department a certified copy of any information required to be supplied to the District of Columbia by a foreign corporation under § 29-101.99; and
   4. (4) Been licensed by the Department.
2. (b) An international banking corporation may engage in representational and other activities in the District of Columbia, other than those specified in § 26-635, only as authorized in § 26-636.
3. (c) Any person who establishes or maintains an office or transacts business in the District of Columbia in violation of this section shall be subject to the penalties imposed by § 26-103(g).

History

Apr. 3, 2001, D.C. Law 13-268, § 5, 48 DCR 1251

Section References

This section is referenced in § 26-635.