RCW 32.50.080
Authority of director to act—Administrative discretion.
If the director determines to act under authority of this chapter, the sequence of his or her acts and proceedings shall be as set forth in this chapter. However, it is the purpose and substance of this chapter to authorize administrative discretion, to allow the director administrative discretion in the event of unsound banking operations, and in furtherance of that purpose the director is hereby authorized to proceed with regulation either under this chapter or under any other applicable provisions of law or under this chapter in connection with other law, either as such law is now existing or is hereinafter enacted, and it is so provided.
[ 2010 c 88 § 73.]
Structure Revised Code of Washington
Title 32 - Washington Savings Bank Act
Chapter 32.50 - Supervisory Direction by the Director of Financial Institutions.
32.50.010 - Determination of unsafe condition—Notice—List of director's requirements—Conservator.
32.50.020 - Director may appoint representative—Restrictions placed on savings bank.
32.50.040 - Costs of supervisory direction and conservatorship.
32.50.050 - Request for review of actions taken by representative or conservator.
32.50.060 - Suit filed after savings bank in conservatorship.
32.50.070 - Duration of conservatorship.
32.50.080 - Authority of director to act—Administrative discretion.