RCW 39.58.108
Requirements to become depositary.
Any financial institution may become, and thereafter operate as, a public depositary upon approval by the commission and segregation of collateral in the manner as set forth in this chapter, and subject to compliance with all rules and policies adopted by the commission. A public depositary shall at all times pledge and segregate eligible collateral in an amount established by the commission by rule or noticed resolution.
[ 2016 c 152 § 4; 2009 c 9 § 10; 1996 c 256 § 13; 1984 c 177 § 17; 1983 c 66 § 15; 1975 1st ex.s. c 77 § 6.]
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.