RCW 30B.04.110
Pledge of assets.
A state trust company may not pledge or create a lien on any of its assets except to secure the repayment of money borrowed or as specifically authorized by RCW 30B.20.010, or by rule, or by a finding of the director that such conduct does not violate any other applicable law and serves the convenience of the state trust company and the public. An act, deed, conveyance, pledge, or contract in violation of this section is void.
[ 2019 c 389 § 5; 2014 c 37 § 313.]
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.