Revised Code of Washington
Chapter 31.24 - Industrial Development Corporations.
31.24.110 - No receipt of money on deposit.

RCW 31.24.110
No receipt of money on deposit.

A business development company shall not receive money on deposit.

[ 2006 c 87 § 14; 1963 c 162 § 11.]

Structure Revised Code of Washington

Revised Code of Washington

Title 31 - Miscellaneous Loan Agencies

Chapter 31.24 - Industrial Development Corporations.

31.24.005 - Findings—Declarations—Intent.

31.24.010 - Definitions.

31.24.020 - Application—Contents—Articles of incorporation—Fees—Initial capital—Approval.

31.24.023 - Filing articles of incorporation—Receipt of certificate of authority.

31.24.025 - Fees—Director's discretion.

31.24.030 - Corporate powers.

31.24.066 - Plan of assessment—Purpose—Requirements—Approval.

31.24.070 - Powers of stockholders—Voting rights—Proxy voting—Plan of assessment—Dividends—Rules.

31.24.073 - Aggregate limit on loans and investments—Single borrower or business.

31.24.075 - Insider transactions.

31.24.080 - Amendment of articles of incorporation—Director's approval—Filing.

31.24.090 - Board of directors—Officers and agents—Powers—Election—Meetings.

31.24.100 - Minimum capital, surplus, undivided profits, and net earnings.

31.24.110 - No receipt of money on deposit.

31.24.120 - Examinations by director of financial institutions—Reports—Authority of director.

31.24.130 - First meeting—Notice—Duties of incorporators.

31.24.140 - Duration of business development company.

31.24.150 - Dissolution—Method—Distribution of assets.

31.24.160 - Credit of state not pledged.

31.24.170 - Business development companies designated state development companies.

31.24.190 - Formation of historic business development company for purpose of preservation of historic buildings, areas, or neighborhoods.

31.24.200 - Insolvency and liquidation—Chapter 30.44 RCW.

31.24.205 - Supervisory direction and conservatorship.

31.24.210 - Mergers or consolidations—Application—Approval.

31.24.215 - Conversion of development credit corporation—Application—Approval—Filing of articles—Certificate of authority.

31.24.220 - Confidentiality and disclosure—Examinations.

31.24.225 - Business as a limited liability company.

31.24.230 - Simultaneous applications—Business development company and nondepository lender of certain loans—Procedure—Fees.

31.24.235 - Rule making.

31.24.901 - Short title.