RCW 30A.08.092
Increase or decrease of capital stock authorized.
A bank may increase or decrease its capital stock by amendment to its articles of incorporation. No issuance of capital stock shall be valid, until the amount thereof shall have been actually paid in. No reduction of the capital stock shall be made to an amount less than is required for capital by the director.
[ 2014 c 37 § 164. Prior: 1994 c 256 § 48; 1994 c 92 § 55; 1987 c 420 § 4. Formerly RCW 30.08.092.]
NOTES:
Findings—Construction—1994 c 256: See RCW 43.320.007.
Structure Revised Code of Washington
Title 30A - Washington Commercial Bank Act
Chapter 30A.08 - Organization and Powers.
30A.08.010 - Incorporators—Paid-in capital stock, surplus, and undivided profits—Requirements.
30A.08.020 - Notice of intention to organize—Proposed articles of incorporation—Contents.
30A.08.040 - Notice to file articles—Articles approved or refused—Hearing.
30A.08.050 - Approved articles to be filed and recorded—Organization complete.
30A.08.055 - Amending articles—Filing with director—Contents.
30A.08.060 - Certificate of authority—Issuance—Contents.
30A.08.070 - Failure to commence business—Effect—Extension of time.
30A.08.081 - Shares—Certificates not required.
30A.08.082 - Authority to issue preferred or special classes of stock.
30A.08.083 - Authority to divide classes into series—Rights and preferences—Filing of statement.
30A.08.086 - Determination of capital impairment when capital consists of preferred stock.
30A.08.087 - Authorized but unissued shares of capital stock—Issuance—Consideration.
30A.08.090 - Amendment of articles—Procedure.
30A.08.092 - Increase or decrease of capital stock authorized.
30A.08.140 - Corporate powers of banks.
30A.08.150 - Banks engaged in trust business.