RCW 32.08.110
Guaranty fund—Purpose.
The contributions of the incorporators, or trustees of any such savings bank under the provisions of RCW 32.08.100, and the sums credited thereto from its net earnings under the provisions of RCW 32.08.120, shall constitute a guaranty fund for the security of its depositors, and shall be held to meet any contingency or loss in its business from depreciation of its securities or otherwise, and for no other purpose except as provided in RCW 32.08.130, and RCW 32.12.090(5).
[ 1955 c 13 § 32.08.110. Prior: 1915 c 175 § 21; RRS § 3350.]
Structure 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.
32.08.030 - 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.
32.08.110 - 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.
32.08.145 - Safe deposit companies.
32.08.148 - Operation of branch outside Washington—Powers and authorities.
32.08.150 - Certificates of deposit.
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.
32.08.225 - Sale, purchase, etc., of interest rate exchange agreements, loans, or interests therein.