Revised Code of Washington
Chapter 31.24 - Industrial Development Corporations.
31.24.160 - Credit of state not pledged.

RCW 31.24.160
Credit of state not pledged.

Under no circumstances shall the credit of the state of Washington be pledged to any corporation organized under the provisions of this chapter.

[ 1963 c 162 § 16.]

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.