RCW 33.24.025
Investment in investment trusts or companies.
Except as may be limited by the director by rule, an association may invest its funds in obligations of the United States, as authorized by RCW 33.24.020, either directly or in the form of securities of, or other interests in, an open-end or closed-end management type investment company or investment trust registered under the federal investment company act of 1940, as now or hereafter amended, if both of the following conditions are met:
(1) The portfolio of the investment company or investment trust is limited to obligations of the United States and to repurchase agreements fully collateralized by such obligations; and
(2) The investment company or investment trust takes delivery of the collateral for any repurchase agreement either directly or through an authorized custodian.
[ 1994 c 92 § 446; 1989 c 97 § 3.]
Structure Revised Code of Washington
Title 33 - Washington Savings Association Act
Chapter 33.24 - Loans and Investments.
33.24.005 - "Mortgage" includes deed of trust and real estate contract.
33.24.007 - "Real property" defined.
33.24.010 - Authority to invest—Limits on loans and extensions of credit.
33.24.015 - Loans generally—Limitation.
33.24.020 - Obligations of United States or Canada.
33.24.025 - Investment in investment trusts or companies.
33.24.030 - Obligations of this state.
33.24.040 - Obligations of other states.
33.24.050 - Obligations of municipal corporations in this state.
33.24.060 - Obligations of municipal corporations in any state.
33.24.065 - Obligations issued or guaranteed by multilateral development bank.
33.24.070 - City or district light, water, and sewer revenue bonds.
33.24.080 - Local improvement district bonds.
33.24.090 - Obligations of federal and state agencies—Investment in other associations.
33.24.100 - Loans or other obligations secured by real property.
33.24.115 - Forming, incorporating with, or investing in other entities—Limitation.
33.24.160 - Investment in office equipment and real property interests used in doing business.
33.24.200 - Personal liability on unlawful loans.
33.24.210 - Revenue bonds of public utility districts.
33.24.220 - Stock or bonds of federal home loan bank.
33.24.270 - Stock in small business investment companies.
33.24.295 - Loans for nonbusiness family purposes—Limitation.
33.24.345 - Acquisition of control of association—Authorized.
33.24.350 - Acquisition of control of association—Definitions.
33.24.370 - Acquisition of control of association—Action or proceeding to prevent—Grounds.
33.24.375 - Acquisition of control of association—Application to foreign association branches.