§ 26-307. Minimum liquid assets required.

Current through October 23, 2012

Each applicant shall demonstrate, in a form satisfactory to the Superintendent, the availability of capital of at least $25,000 for the operation of the business of each location and mobile unit from which the applicant proposes in the application to conduct business. Each licensee shall continuously maintain capital of at least $5,000 for the operation of the business of each location and mobile unit from which the licensee conducts business.

                
                    var val = document.getElementById('citecontent').innerHTML;
                    art.dialog.defaults.title = window.location.href;
                    art.dialog.data('cite', val);
                    art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                    art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');

(May 12, 1998, D.C. Law 12-111, § 8, 45 DCR 1785.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 26-1107.

Legislative History of Laws

For legislative history of D.C. Law 12-111, see Historical and Statutory Notes following § 26-301.