RCW 39.58.103
Notice to commission of reduced net worth.
Each public depositary shall notify the commission in writing within forty-eight hours, or by close of business of the next business day thereafter, of the happening of an event which causes its net worth to be reduced by an amount greater than ten percent of the amount shown as its net worth on the most recent report submitted pursuant to RCW 39.58.100.
[ 2009 c 9 § 8; 1983 c 66 § 13; 1975 1st ex.s. c 77 § 4.]
NOTES:
Effective date—2009 c 9: See note following RCW 39.58.010.
Severability—1983 c 66: See note following RCW 39.58.010.
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.