Revised Code of Washington
Chapter 39.58 - Public Funds—Deposits and Investments—Public Depositaries.
39.58.230 - Liability after merger, takeover, or acquisition.

RCW 39.58.230
Liability after merger, takeover, or acquisition.

The liability of a public depositary under this chapter shall not be altered by any merger, takeover, or acquisition, except to the extent that such liability is assumed by agreement or operation of law by the successor entity or resulting financial institution.

[ 2009 c 9 § 17.]
NOTES:

Effective date—2009 c 9: See note following RCW 39.58.010.

Structure Revised Code of Washington

Revised Code of Washington

Title 39 - Public Contracts and Indebtedness

Chapter 39.58 - Public Funds—Deposits and Investments—Public Depositaries.

39.58.010 - Definitions.

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.

39.58.070 - Subrogation of commission to depositor's rights—Sums received from distribution of assets, payment.

39.58.080 - Deposit of public funds in public depositary required—Deposits in institutions located outside the state.

39.58.085 - Demand accounts in out-of-state and alien banks—Limitations.

39.58.090 - Authority to secure deposits in accordance with chapter—Bonds and securities for deposits dispensed with.

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.

39.58.210 - Failure to furnish information—Failure to comply with chapter—Revocation of authority—Costs for noncompliance.

39.58.220 - Commission—Delegation of authority—Exception.

39.58.230 - Liability after merger, takeover, or acquisition.

39.58.750 - Receipt, disbursement, or transfer of public funds by wire or other electronic communication means authorized.