RCW 30A.04.238
Purchase of own capital stock authorized.
(1) Notwithstanding any other provision of this title, a bank, with the prior approval of the director, may purchase shares of its own capital stock.
(2) When a bank purchases such shares, its capital accounts shall be reduced appropriately. The shares shall be held as authorized but unissued shares.
[ 1994 c 92 § 24; 1986 c 279 § 12; 1985 c 305 § 1. Formerly RCW 30.04.238.]
Structure Revised Code of Washington
Title 30A - Washington Commercial Bank Act
Chapter 30A.04 - General Provisions.
30A.04.005 - Legislative declarations.
30A.04.007 - Notice—Use of internet—Rules.
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.04.112 - "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.04.129 - 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.04.210 - 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.04.220 - Corporations existing under former laws.
30A.04.225 - Contributions and gifts.
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.04.295 - 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.04.390 - 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.04.410 - 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.04.465 - Violations or unsafe or unsound practices—Injunction to enforce temporary order.
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.04.575 - 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.04.650 - Automated teller machines and night depositories security.