RCW 30B.04.080
Transactions in state trust company shares.
(1) A state trust company may acquire its own shares if:
(a) The amount of its capital is sufficient to fully absorb the acquisition of the shares under regulatory accounting principles; or
(b) The state trust company obtains the prior written approval of the director.
(2) A state trust company may acquire a lien upon its own shares if:
(a) The aggregate amount of indebtedness so secured is less than the amount of the state trust company's capital; or
(b) The state trust company obtains the prior written approval of the director.
[ 2014 c 37 § 310.]
Structure Revised Code of Washington
Title 30B - Washington Trust Institutions Act
Chapter 30B.04 - General Provisions.
30B.04.010 - Name of trust institution—Use of trust in name.
30B.04.020 - Rules—Administration and interpretation of title.
30B.04.030 - Persons authorized to act as a fiduciary.
30B.04.040 - Activities not requiring certificate of authority or approval under this title.
30B.04.060 - Confidentiality of examination information.
30B.04.070 - Limits on loans to insiders and affiliates—Exceptions.
30B.04.080 - Transactions in state trust company shares.
30B.04.090 - Investment of corporate funds—Securities.
30B.04.100 - Investment in corporations—Subsidiaries.
30B.04.110 - Pledge of assets.
30B.04.120 - Investment in state trust company facilities.
30B.04.130 - Separation of trust records—Recordkeeping.
30B.04.140 - Legal services, advertising of—Penalty.
30B.04.160 - Choice of law clauses.