Revised Code of Washington
Chapter 30A.44 - Insolvency and Liquidation.
30A.44.260 - Destruction of records after liquidation.

RCW 30A.44.260
Destruction of records after liquidation.

Where any files, records, documents, books of account or other papers have been taken over and are in the possession of the director in connection with the liquidation of any insolvent banks or trust companies under the laws of this state, the director may, in his or her discretion at any time after the expiration of one year from the declaration of the final dividend, or from the date when such liquidation has been entirely completed, destroy any of the files, records, documents, books of account or other papers which may appear to the director to be obsolete or unnecessary for future reference as part of the liquidation and files of his or her office.

[ 1994 c 92 § 130; 1955 c 33 § 30.44.260. Prior: 1925 ex.s. c 55 § 1; RRS § 3277-1. Formerly RCW 30.44.260.]

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.