RCW 30A.46.030
Supervisory direction—Appointment of representative to supervise—Restrictions on operations.
During the period of supervisory direction the director may appoint a representative to supervise such bank and may provide that the bank may not do any of the following during the period of supervisory direction, without the prior approval of the director or the appointed representative:
(1) Dispose of, convey, or encumber any of the assets, excluding trust assets under management;
(2) Withdraw any of its bank accounts;
(3) Lend any of its funds;
(4) Invest any of its funds;
(5) Transfer any of its property; or
(6) Incur any debt, obligation, or liability.
[ 2014 c 37 § 246; 2013 c 76 § 15; 1994 c 92 § 135; 1975 1st ex.s. c 87 § 3. Formerly RCW 30.46.030.]
Structure Revised Code of Washington
Title 30A - Washington Commercial Bank Act
Chapter 30A.46 - Supervisory Direction—Conservatorship.
30A.46.040 - Conservator—Appointment—Grounds—Powers, duties, and functions.
30A.46.050 - Costs as charge against bank's assets.
30A.46.060 - Request for review of action—Stay of action—Orders subject to review.
30A.46.070 - Suits against bank or conservator, where brought—Suits by conservator.
30A.46.080 - Duration of conservator's term—Rehabilitated banks—Management.