Section 26-A5609. DISTRIBUTIONS

Latest version.

5609.1 Any proposed distribution by a certified capital company pursuant to section 7(b) of the Act shall be audited by a nationally recognized certified public accounting firm acceptable to the Commissioner, if the Commissioner directs that an audit be conducted.

5609.2 An audit conducted pursuant to § 5609.1 shall be conducted at the expense of the certified capital company.

authority

Commissioner of the Department of Insurance, Securities and Banking, pursuant to the authority set forth in Section 10 of the Certified Capital Companies Act of 2003, effective March 10, 2004 (D.C. Law 15-87; D.C. Official Code § 31-5231 et seq.)

source

Final Rulemaking published at 51 DCR 7555, 7562 (July 30, 2004)

                    
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