Revised Code of Washington
Chapter 30A.04 - General Provisions.
30A.04.210 - Real estate holdings.

RCW 30A.04.210
Real estate holdings.

A bank may purchase, hold, and convey real estate for the following purposes:
(1) Such as shall be necessary for the convenient transaction of its business, including with its banking offices other space in the same building to rent as a source of income: PROVIDED, That any bank shall not invest for such purposes more than the greater of: (a) Fifty percent of its capital, surplus, and undivided profits; or (b) one hundred twenty-five percent of its capital stock without the approval of the director.
(2) Such as shall be purchased or conveyed to it in satisfaction, or on account of, debts previously contracted in the course of its business.
(3) Such as it shall purchase at sale under judgments, decrees, liens, or mortgage foreclosures, from debts owed to it.
(4) Such as a trust company receives in trust or acquires pursuant to the terms or authority of any trust.
(5) Such as it may take title to or for the purpose of investing in real estate conditional sales contracts.
(6) Such as shall be purchased, held, or conveyed in accordance with RCW 30A.04.212 granting banks the power to invest directly or indirectly in unimproved or improved real estate.

[ 2014 c 37 § 118. Prior: 1994 c 256 § 36; 1994 c 92 § 18; 1986 c 279 § 9; 1985 c 329 § 4; 1979 c 142 § 1; 1973 1st ex.s. c 104 § 2; 1955 c 33 § 30.04.210; prior: 1947 c 149 § 1; 1917 c 80 § 37; Rem. Supp. 1947 § 3244. Formerly RCW 30.04.210.]
NOTES:

Findings—Construction—1994 c 256: See RCW 43.320.007.


Legislative intent—1985 c 329: See note following RCW 30A.60.010.


Effective date—1985 c 329: See RCW 30A.60.901.


Adoption of rules: RCW 30A.60.030.

Structure Revised Code of Washington

Revised Code of Washington

Title 30A - Washington Commercial Bank Act

Chapter 30A.04 - General Provisions.

30A.04.002 - Short title.

30A.04.005 - Legislative declarations.

30A.04.007 - Notice—Use of internet—Rules.

30A.04.010 - Definitions.

30A.04.017 - Director's subpoenas—Unauthorized banking activity.

30A.04.020 - Use of words indicating bank or trust company—Penalty.

30A.04.025 - Financial institutions—Loan charges—Out-of-state national banks.

30A.04.030 - Rules—Administration and interpretation of title.

30A.04.045 - Director—Powers under chapter 19.144 RCW.

30A.04.050 - Duty to comply—Violations—Penalty.

30A.04.060 - Examinations directed—Cooperative agreements and actions.

30A.04.070 - Costs of examination, filing, and other service fees—Nondirect expenses.

30A.04.075 - Examination reports and information—Confidentiality—Disclosure—Penalty.

30A.04.111 - Limit on loans and extensions of credit to one person—Exceptions—Definitions—Rules—Nonconforming loans and extensions of credit.

30A.04.112 - "Loans or obligations" and "liabilities" limited for purposes of RCW 30.04.111.

30A.04.120 - Loans on own stock prohibited—Shares of other corporations.

30A.04.125 - Investment in corporations—Authorized businesses.

30A.04.127 - Formation, incorporation, or investment in corporations or other entities authorized—Approval—Exception.

30A.04.129 - Investment in obligations issued or guaranteed by multilateral development bank.

30A.04.130 - Defaulted debts, judgments to be charged off—Valuation of assets.

30A.04.140 - Pledge of securities or assets prohibited—Exceptions.

30A.04.180 - Dividends.

30A.04.210 - Real estate holdings.

30A.04.212 - Real property and improvements thereon.

30A.04.214 - Qualifying community investments.

30A.04.215 - Engaging in other business activities.

30A.04.217 - Additional powers of a bank—Powers and authorities of savings bank—Definition—Restrictions.

30A.04.220 - Corporations existing under former laws.

30A.04.225 - Contributions and gifts.

30A.04.230 - Authority of corporation or association to acquire stock of bank or national banking association.

30A.04.232 - Additional authority of out-of-state holding company to acquire stock or assets of bank or national banking association.

30A.04.238 - Purchase of own capital stock authorized.

30A.04.240 - Trust business to be kept separate—Authorized deposit of securities.

30A.04.260 - Legal services, advertising of—Penalty.

30A.04.280 - Compliance enjoined—Banking, trust business, branches—Director's authority—Rules.

30A.04.285 - Director's approval of a branch—Satisfactory financial condition—Affiliated commercial locations.

30A.04.295 - Agency agreements—Written notice to director.

30A.04.300 - Foreign branch banks.

30A.04.330 - Saturday closing authorized.

30A.04.375 - Investment in stock, participation certificates, and other evidences of participation.

30A.04.380 - Investment in paid-in capital stock and surplus of banks or corporations engaged in international or foreign banking.

30A.04.390 - Acquisition of stock of banks organized under laws of foreign country, etc.

30A.04.395 - Continuing authority for investments.

30A.04.400 - Bank acquisition or control—Definitions.

30A.04.405 - Bank acquisition or control—Notice or application—Registration statement—Violations—Penalties.

30A.04.410 - Bank acquisition or control—Disapproval by director—Change of officers.

30A.04.450 - Notice of charges—Reasons for issuance—Contents—Hearing—Cease and desist order.

30A.04.455 - Temporary cease and desist order—Reasons for issuance.

30A.04.460 - Temporary cease and desist order—Injunction to set aside, limit, or suspend temporary order.

30A.04.465 - Violations or unsafe or unsound practices—Injunction to enforce temporary order.

30A.04.470 - Order to refrain from violations or practices—Administrative hearing or judicial review.

30A.04.475 - Order to refrain from violations or practices—Jurisdiction of courts in enforcement or issuance of orders, injunctions, or judicial review.

30A.04.500 - Fairness in lending act—Short title.

30A.04.505 - Fairness in lending act—Definitions.

30A.04.510 - Fairness in lending act—Unlawful practices.

30A.04.515 - Fairness in lending act—Sound underwriting practices not precluded.

30A.04.550 - Reorganization as subsidiary of bank holding company—Authority.

30A.04.555 - Reorganization as subsidiary of bank holding company—Procedure.

30A.04.560 - Reorganization as subsidiary of bank holding company—Dissenter's rights—Conditions.

30A.04.565 - Reorganization as subsidiary of bank holding company—Valuation of shares of dissenting shareholders.

30A.04.570 - Reorganization as subsidiary of bank holding company—Approval of director—Certificate of reorganization—Exchange of shares.

30A.04.575 - Public hearing prior to approval of reorganization—Request.

30A.04.600 - Shareholders—Actions authorized without meetings—Written consent.

30A.04.605 - Directors, committees—Actions authorized without meetings—Written consent.

30A.04.610 - Directors, committees—Meetings authorized by conference telephone or similar communications equipment.

30A.04.650 - Automated teller machines and night depositories security.

30A.04.902 - Effective date—2014 c 37.