RCW 30A.36.040
Impairment to be corrected before retirement of notes or debentures.
Before such capital notes or debentures are retired or paid by the bank or mutual savings bank, any existing impairment of its capital stock must be overcome or corrected to the satisfaction of the director.
[ 2014 c 37 § 207; 1994 c 92 § 78; 1955 c 33 § 30.36.040. Prior: 1935 c 42 § 4; RRS § 3295-4. Formerly RCW 30.36.040.]
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.