RCW 30A.36.010
Definitions.
Capital notes or debentures, where used in this chapter, shall mean notes or other obligations issued by a bank or mutual savings bank, for money obtained and used as additional capital or to replace impaired capital stock: PROVIDED, Such notes or other obligations are subordinate to the rights of depositors and other creditors.
The term "capital" where used in this chapter shall mean capital stock and/or capital notes.
[ 2014 c 37 § 204; 1955 c 33 § 30.36.010. Prior: 1935 c 42 § 1; RRS § 3295-1. Formerly RCW 30.36.010.]
Structure Revised Code of Washington
Title 30A - Washington Commercial Bank Act
Chapter 30A.36 - Capital Notes or Debentures.
30A.36.020 - Issuance and sale—Status—Conversion rights.
30A.36.030 - Stock at less than par—Impairment.
30A.36.040 - Impairment to be corrected before retirement of notes or debentures.
30A.36.050 - Not subject to assessments—Liability of holders.