RCW 30B.08.060
Capital notes or debentures.
(1) With the prior written approval of the director, any state trust company may at any time, through action of its board of directors, issue and sell its capital notes or debentures, which shall be subordinate to the claims of depositors and other creditors.
(2) Unless otherwise approved by the director, a state trust company shall conform to all other conditions and requirements of chapter 30A.36 RCW governing capital notes and debentures of state banks.
[ 2014 c 37 § 327.]
Structure Revised Code of Washington
Title 30B - Washington Trust Institutions Act
Chapter 30B.08 - Organization and Powers.
30B.08.005 - Who may organize a state trust company.
30B.08.010 - Formation—Issuance of certificate of authority—Amendment of articles, etc.
30B.08.030 - Application for state trust company certificate of authority.
30B.08.040 - Notice and investigation of application.
30B.08.050 - Required capital.
30B.08.060 - Capital notes or debentures.
30B.08.070 - Application of general business corporation laws.
30B.08.080 - Powers of a state trust company.
30B.08.100 - Scope of regulated activities of a state trust company.