Revised Code of Washington
Chapter 32.08 - Organization and Powers.
32.08.060 - Procedure upon approval.

RCW 32.08.060
Procedure upon approval.

In case of approval, the director shall forthwith give notice thereof to the proposed incorporators, and file one of the duplicate certificates in his or her own office, and shall transmit the other to the secretary of state. Upon receipt from the proposed incorporators of the same fees as are required for filing and recording other incorporation certificates, the secretary of state shall file the certificate and record the same. Upon the filing of said incorporation certificate in duplicate approved as aforesaid in the offices of the director and the secretary of state, the persons named therein and their successors shall thereupon become and be a corporation, which corporation shall have the powers and be subject to the duties and obligations prescribed in this title and its corporate existence shall be perpetual, unless sooner terminated pursuant to law, but such corporation shall not receive deposits or engage in business until authorized so to do by the director as provided in RCW 32.08.070.

[ 1994 c 92 § 312; 1981 c 302 § 26; 1957 c 80 § 1; 1955 c 13 § 32.08.060. Prior: 1915 c 175 § 4, part; RRS § 3316, part.]
NOTES:

Severability—1981 c 302: See note following RCW 19.76.100.

Structure Revised Code of Washington

Revised Code of Washington

Title 32 - Washington Savings Bank Act

Chapter 32.08 - Organization and Powers.

32.08.010 - Authority to organize—Incorporators—Certificate.

32.08.020 - Notice of intention.

32.08.025 - Limited liability company—Organization or conversion—Approval of director—Conditions—Application of chapter 25.15 RCW—Definitions.

32.08.030 - Submission of certificate—Proof of service of notice.

32.08.040 - Examination and action by director.

32.08.050 - Appeal from adverse decision.

32.08.060 - Procedure upon approval.

32.08.061 - Extension of period of existence—Procedure.

32.08.070 - Authorization certificate.

32.08.080 - Conditions precedent to reception of deposits.

32.08.090 - Expense fund—Agreement to contribute further—Security.

32.08.100 - Guaranty fund.

32.08.110 - Guaranty fund—Purpose.

32.08.115 - Guaranty fund—Payment of interest and dividends—Legislative declaration.

32.08.116 - Guaranty fund—Payment of interest and dividends—When authorized.

32.08.120 - Guaranty fund—Replenishment—Dividends.

32.08.130 - Reimbursement fund.

32.08.140 - Powers of bank.

32.08.142 - Additional powers of savings bank—Powers of federal mutual savings bank—Definition—Restrictions.

32.08.145 - Safe deposit companies.

32.08.148 - Operation of branch outside Washington—Powers and authorities.

32.08.150 - Certificates of deposit.

32.08.153 - Additional powers of savings bank—Powers and authorities of national banks on July 28, 1985, or a subsequent date not later than July 28, 2013—Definition—Restrictions.

32.08.157 - Additional powers—Powers and authorities of banks.

32.08.160 - Writing of fire insurance restricted.

32.08.170 - Effect of failure to organize or commence business.

32.08.180 - Extension of existence.

32.08.190 - May borrow from home loan bank.

32.08.210 - Power to act as trustee—Authorized trusts—Limitations—Application to act as trustee, fee—Approval or refusal of application—Right of appeal—Use of word "trust."

32.08.215 - Power to act as trustee for common trust funds under multiple trust agreements—Conditions.

32.08.220 - Findings—Purpose.

32.08.225 - Sale, purchase, etc., of interest rate exchange agreements, loans, or interests therein.

32.08.230 - Restrictions and requirements by director.