# D.C. Code § 26-1401.10: Necessary or convenient powers

> District of Columbia · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.10

## Section

- **Citation:** D.C. Code § 26-1401.10
- **Heading:** Necessary or convenient powers
- **Jurisdiction:** District of Columbia
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** DC Code / Title 26 / Chapter 14 / § 26-1401.10

## Text

Unless otherwise prohibited by law or regulation, a universal bank may exercise all powers necessary or convenient to effect the purposes for which the universal bank is organized or to further a business, activity, or operation in which the universal bank is lawfully engaged. The Commissioner may, by rule or order, establish that certain powers shall not be considered necessary or convenient to effect the purposes for which a universal bank is organized or to further a business, activity, or operation in which a universal bank is lawfully engaged.

## Nearby sections

- [D.C. Code § 26-1401.01 § 26-1401.01. Short title.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.01.md)
- [D.C. Code § 26-1401.02 § 26-1401.02. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.02.md)
- [D.C. Code § 26-1401.03 § 26-1401.03. Application to be certified as a universal bank; review and approval or disapproval of application.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.03.md)
- [D.C. Code § 26-1401.04 § 26-1401.04. Issuance of certificate of authority.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.04.md)
- [D.C. Code § 26-1401.05 § 26-1401.05. Revocation or subsequent limitation of certificate of authority.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.05.md)
- [D.C. Code § 26-1401.06 § 26-1401.06. Voluntary termination of certification.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.06.md)
- [D.C. Code § 26-1401.07 § 26-1401.07. Preexisting powers of universal banks.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.07.md)
- [D.C. Code § 26-1401.08 § 26-1401.08. Parity of powers of universal bank.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.08.md)
- [D.C. Code § 26-1401.09 § 26-1401.09. Specific powers of universal banks.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.09.md)
- [D.C. Code § 26-1401.10 § 26-1401.10. Necessary or convenient powers.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.10.md)
- [D.C. Code § 26-1401.11 § 26-1401.11. Reasonably related and incidental activities.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.11.md)
- [D.C. Code § 26-1401.12 § 26-1401.12. Limitations on loan power of universal banks.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.12.md)
- [D.C. Code § 26-1401.13 § 26-1401.13. Limitations on investment powers of universal bank.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.13.md)
- [D.C. Code § 26-1401.14 § 26-1401.14. Exceptions to limitations on investment powers of universal banks.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.10. Check the current official text before relying on it. Not legal advice.