RCW 39.58.090
Authority to secure deposits in accordance with chapter—Bonds and securities for deposits dispensed with.
All institutions located in this state which are permitted by the statutes of this state to hold and receive public funds shall have power to secure such deposits in accordance with this chapter. Except as provided in this chapter, no bond or other security shall be required of or given by any public depositary for any public funds on deposit.
[ 1996 c 256 § 10; 1984 c 177 § 15; 1969 ex.s. c 193 § 9.]
Structure Revised Code of Washington
Title 39 - Public Contracts and Indebtedness
Chapter 39.58 - Public Funds—Deposits and Investments—Public Depositaries.
39.58.020 - Public funds—Protection against loss.
39.58.030 - Public deposit protection commission—State finance committee constitutes—Proceedings.
39.58.040 - General powers of commission.
39.58.050 - Collateral for deposits—Segregation—Eligible securities.
39.58.060 - Loss in a public depositary—Procedure for payment.
39.58.085 - Demand accounts in out-of-state and alien banks—Limitations.
39.58.100 - Reports of public depositaries—Certification by director of financial institutions.
39.58.103 - Notice to commission of reduced net worth.
39.58.105 - Investigation of financial institution applying to become public depositary—Report.
39.58.108 - Requirements to become depositary.
39.58.130 - Investment deposits—Net worth of public depositary.
39.58.135 - Limitations on deposits.
39.58.140 - Liability of treasurers and state treasurer.
39.58.155 - Statewide custodian—Exemption from chapter.
39.58.200 - Public depositary pool—Uniform treatment by commission.
39.58.220 - Commission—Delegation of authority—Exception.
39.58.230 - Liability after merger, takeover, or acquisition.