RCW 30A.42.080
Separate assets—Books and records—Priority as to assets.
Every alien bank maintaining an office in this state shall keep the assets of its Washington office entirely separate and apart from the assets of its other operations as though the Washington office was conducted as a separate and distinct entity. Every such alien bank shall keep separate books of account and records for its Washington office and shall observe with respect to such office the applicable requirements of this chapter and the applicable rules and regulations of the director. The United States domiciled creditors of such alien bank's Washington office shall be entitled to priority with respect to the assets of its Washington office before such assets may be used or applied for the benefit of its other creditors or transferred to its general business.
[ 1994 c 92 § 84; 1973 1st ex.s. c 53 § 8. Formerly RCW 30.42.080.]
Structure Revised Code of Washington
Title 30A - Washington Commercial Bank Act
30A.42.030 - Authorization and compliance with chapter required.
30A.42.040 - More than one office prohibited.
30A.42.060 - Conditions to be met before opening office in state.
30A.42.070 - Allocated paid-in capital—Requirements.
30A.42.080 - Separate assets—Books and records—Priority as to assets.
30A.42.090 - Approval of application—Criteria—Reciprocity.
30A.42.100 - Notice of approval—Filing—Time period for commencing business.
30A.42.105 - Power to make loans and to guarantee obligations.
30A.42.115 - Solicitation and acceptance of deposits.
30A.42.120 - Requirements for accepting deposits or transacting business.
30A.42.130 - Taking possession by director—Reasons—Disposition of deposits—Claims—Priorities.
30A.42.140 - Investigations—Examinations.
30A.42.145 - Examination reports and information—Confidential—Privileged—Penalty.
30A.42.150 - Loans subject to usury laws.
30A.42.155 - Powers and activities.
30A.42.160 - Powers as to real estate.
30A.42.180 - Approved agencies—Powers and activities.
30A.42.190 - Bonding requirements for officers and employees.
30A.42.200 - Books and accounts—English language.
30A.42.210 - Bureaus—Application procedure.
30A.42.220 - Bureaus—Approval—Certificate of authority—Time limit for commencing business.
30A.42.230 - Bureaus—Number—Powers.
30A.42.240 - Bureaus—Examinations.
30A.42.250 - Temporary facilities at trade fairs, etc.
30A.42.280 - Directors, officers, and employees—Duties, responsibilities and restrictions—Removal.
30A.42.290 - Compliance—Violations—Penalties.
30A.42.300 - Suspension or revocation of certificate to operate—Grounds.
30A.42.310 - Change of location.
30A.42.340 - Alien banks or branches in business on or before effective date.