Revised Code of Washington
Chapter 33.24 - Loans and Investments.
33.24.040 - Obligations of other states.

RCW 33.24.040
Obligations of other states.

An association may invest its funds in the bonds or interest bearing obligations of any other state of the United States upon which there is no existing default and upon which there has been no default for more than ninety days within ten years immediately preceding the investment: PROVIDED, That such state has not been in default for more than ninety days, within said ten years, in the payment of any part of the principal or interest of any debt contracted by it or for which the faith of such state was pledged.

[ 1945 c 235 § 61; Rem. Supp. 1945 § 3717-180. Prior: 1939 c 98 § 11; 1933 c 183 § 56.]

Structure Revised Code of Washington

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.

33.24.360 - Acquisition of control of association—Unlawful, when—Application—Contents—Notice to other associations—Penalty.

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.