Revised Code of Washington
Chapter 30A.44 - Insolvency and Liquidation.
30A.44.040 - Notice of taking possession.

RCW 30A.44.040
Notice of taking possession.

Upon taking possession of any bank, the director shall forthwith give written notice thereof to all persons having possession of any assets of such corporation. No person knowing of the taking of such possession by the director shall have a lien or charge for any payment thereafter advanced or clearance thereafter made or liability thereafter incurred against any of the assets of such corporation.

[ 2014 c 37 § 226; 1994 c 92 § 110; 1955 c 33 § 30.44.040. Prior: 1917 c 80 § 61; 1915 c 98 § 2; RRS § 3268. Formerly RCW 30.44.040.]

Structure Revised Code of Washington

Revised Code of Washington

Title 30A - Washington Commercial Bank Act

Chapter 30A.44 - Insolvency and Liquidation.

30A.44.010 - Notice to correct unsafe conditions—Possession may be taken under specified circumstances.

30A.44.020 - Director may order levy of assessment.

30A.44.030 - Director's right to take possession may be contested.

30A.44.040 - Notice of taking possession.

30A.44.050 - Powers and duties of director.

30A.44.060 - Notice to creditors—Claims.

30A.44.070 - Inventory—List of claims.

30A.44.080 - Objections to approved claims.

30A.44.090 - Dividends.

30A.44.100 - Receiver prohibited except in emergency.

30A.44.110 - Preferences prohibited—Penalty.

30A.44.120 - Receiving deposits when insolvent—Penalty.

30A.44.130 - Expense of liquidation.

30A.44.140 - Liquidation after claims are paid.

30A.44.150 - Unclaimed dividends—Disposition.

30A.44.160 - Voluntary closing—Possession of the director—Notice.

30A.44.170 - Voluntary liquidation—Notice to creditors.

30A.44.180 - Unclaimed dividends on voluntary liquidation.

30A.44.190 - Disposition of unclaimed personal property.

30A.44.200 - Duty of director—Notice to owner.

30A.44.210 - Final notice after two years—Sale.

30A.44.220 - Disposition of proceeds—Escheat.

30A.44.230 - Procedure as to papers, documents, etc.

30A.44.240 - Transfer of assets and liabilities to another bank.

30A.44.250 - Reopening.

30A.44.260 - Destruction of records after liquidation.

30A.44.270 - Federal deposit insurance corporation as receiver or liquidator—Appointment—Powers and duties.

30A.44.280 - Payment or acquisition of deposit liabilities by federal deposit insurance corporation—Not hindered by judicial review—Liability.