Revised Code of Washington
Title 32 - Washington Savings Bank Act

32.04.030 - Branches—Director's approval—Conditions—Definition. - RCW 32.04.030 Branches—Director's approval—Conditions—Definition. (1) A savings bank may not,...

32.04.035 - Agency agreements—Written notice to director. - RCW 32.04.035 Agency agreements—Written notice to director. On or before...

32.04.050 - Reports. - RCW 32.04.050 Reports. A savings bank shall render to the...

32.04.070 - Certified copies of records as evidence. - RCW 32.04.070 Certified copies of records as evidence. Copies from...

32.04.080 - Employees' pension, retirement, or health insurance benefits—Payment. - RCW 32.04.080 Employees' pension, retirement, or health insurance benefits—Payment. A...

32.04.082 - Pension, retirement, or health insurance benefits—Waiver by bank of offsets attributable to social security. - RCW 32.04.082 Pension, retirement, or health insurance benefits—Waiver by bank...

32.04.085 - Pension, retirement, or health insurance benefits—Supplementation. - RCW 32.04.085 Pension, retirement, or health insurance benefits—Supplementation. Any pension...

32.04.100 - Penalty for falsification. - RCW 32.04.100 Penalty for falsification. Every person who knowingly subscribes...

32.04.110 - Penalty for concealing or destroying evidence. - RCW 32.04.110 Penalty for concealing or destroying evidence. Every board...

32.04.120 - Specific penalties invoked. - RCW 32.04.120 Specific penalties invoked. The provisions of RCW 9.24.050,...

32.04.130 - General penalty. - RCW 32.04.130 General penalty. Any person who does anything forbidden...

32.04.150 - Cost of examination. - RCW 32.04.150 Cost of examination. See RCW 30A.04.070.

32.04.170 - Conversion to mutual savings bank of savings and loan association. - RCW 32.04.170 Conversion to mutual savings bank of savings and...

32.04.190 - Bank stabilization act. - RCW 32.04.190 Bank stabilization act. See chapter 30A.56 RCW.

32.04.200 - Capital notes or debentures. - RCW 32.04.200 Capital notes or debentures. See chapter 30A.36 RCW.

32.04.210 - Saturday closing authorized. - RCW 32.04.210 Saturday closing authorized. See RCW 30A.04.330.

32.04.211 - Examinations directed—Cooperative agreements and actions. - RCW 32.04.211 Examinations directed—Cooperative agreements and actions. (1) The director,...

32.04.220 - Examination reports and other information—Confidential—Privileged—Penalty. - RCW 32.04.220 Examination reports and other information—Confidential—Privileged—Penalty. (1) All examination...

32.04.250 - Notice of charges—Reasons for issuance—Grounds—Contents of notice—Hearing—Cease and desist orders. - RCW 32.04.250 Notice of charges—Reasons for issuance—Grounds—Contents of notice—Hearing—Cease and...

32.04.260 - Temporary cease and desist orders—Reasons for issuance. - RCW 32.04.260 Temporary cease and desist orders—Reasons for issuance. (1)...

32.04.270 - Temporary cease and desist order—Injunction to set aside, limit, or suspend temporary order. - RCW 32.04.270 Temporary cease and desist order—Injunction to set aside,...

32.04.280 - Violation of temporary cease and desist order—Injunction to enforce order. - RCW 32.04.280 Violation of temporary cease and desist order—Injunction to...

32.04.290 - Administrative hearing provided for in RCW 32.04.250 or 32.16.093—Procedure—Order—Judicial review. - RCW 32.04.290 Administrative hearing provided for in RCW 32.04.250 or...

32.04.300 - Jurisdiction of courts as to cease and desist orders, orders to remove trustee, officer, or employee, etc. - RCW 32.04.300 Jurisdiction of courts as to cease and desist...

32.04.310 - Automated teller machines and night depositories security. - RCW 32.04.310 Automated teller machines and night depositories security. Chapter...

32.04.320 - Director—Powers under chapter 19.144 RCW. - RCW 32.04.320 Director—Powers under chapter 19.144 RCW. The director or...

Chapter 32.08 - Organization and Powers.

32.08.010 - Authority to organize—Incorporators—Certificate. - RCW 32.08.010 Authority to organize—Incorporators—Certificate. When authorized by the director,...

32.08.020 - Notice of intention. - RCW 32.08.020 Notice of intention. At the time of executing...

32.08.025 - Limited liability company—Organization or conversion—Approval of director—Conditions—Application of chapter 25.15 RCW—Definitions. - RCW 32.08.025 Limited liability company—Organization or conversion—Approval of director—Conditions—Application of...

32.08.030 - Submission of certificate—Proof of service of notice. - RCW 32.08.030 Submission of certificate—Proof of service of notice. After...

32.08.040 - Examination and action by director. - RCW 32.08.040 Examination and action by director. When any such...

32.08.050 - Appeal from adverse decision. - RCW 32.08.050 Appeal from adverse decision. From the director's refusal...

32.08.060 - Procedure upon approval. - RCW 32.08.060 Procedure upon approval. In case of approval, the...

32.08.061 - Extension of period of existence—Procedure. - RCW 32.08.061 Extension of period of existence—Procedure. A mutual savings...

32.08.070 - Authorization certificate. - RCW 32.08.070 Authorization certificate. Before a mutual savings bank shall...

32.08.080 - Conditions precedent to reception of deposits. - RCW 32.08.080 Conditions precedent to reception of deposits. Before such...

32.08.090 - Expense fund—Agreement to contribute further—Security. - RCW 32.08.090 Expense fund—Agreement to contribute further—Security. Before any mutual...

32.08.100 - Guaranty fund. - RCW 32.08.100 Guaranty fund. Before any mutual savings bank shall...

32.08.110 - Guaranty fund—Purpose. - RCW 32.08.110 Guaranty fund—Purpose. The contributions of the incorporators, or...

32.08.115 - Guaranty fund—Payment of interest and dividends—Legislative declaration. - RCW 32.08.115 Guaranty fund—Payment of interest and dividends—Legislative declaration. It...

32.08.116 - Guaranty fund—Payment of interest and dividends—When authorized. - RCW 32.08.116 Guaranty fund—Payment of interest and dividends—When authorized. A...

32.08.120 - Guaranty fund—Replenishment—Dividends. - RCW 32.08.120 Guaranty fund—Replenishment—Dividends. (1) If at the close of...

32.08.130 - Reimbursement fund. - RCW 32.08.130 Reimbursement fund. When the portion of the guaranty...

32.08.140 - Powers of bank. - RCW 32.08.140 Powers of bank. (Contingent expiration date.) Every savings...

32.08.142 - Additional powers of savings bank—Powers of federal mutual savings bank—Definition—Restrictions. - RCW 32.08.142 Additional powers of savings bank—Powers of federal mutual...

32.08.145 - Safe deposit companies. - RCW 32.08.145 Safe deposit companies. See chapter 22.28 RCW.

32.08.148 - Operation of branch outside Washington—Powers and authorities. - RCW 32.08.148 Operation of branch outside Washington—Powers and authorities. In...

32.08.150 - Certificates of deposit. - RCW 32.08.150 Certificates of deposit. A mutual savings bank may...

32.08.153 - Additional powers of savings bank—Powers and authorities of national banks on July 28, 1985, or a subsequent date not later than July 28, 2013—Definition—Restrictions. - RCW 32.08.153 Additional powers of savings bank—Powers and authorities of...

32.08.157 - Additional powers—Powers and authorities of banks. - RCW 32.08.157 Additional powers—Powers and authorities of banks. Notwithstanding any...

32.08.160 - Writing of fire insurance restricted. - RCW 32.08.160 Writing of fire insurance restricted. When a savings...

32.08.170 - Effect of failure to organize or commence business. - RCW 32.08.170 Effect of failure to organize or commence business....

32.08.180 - Extension of existence. - RCW 32.08.180 Extension of existence. See RCW 30A.08.080.

32.08.190 - May borrow from home loan bank. - RCW 32.08.190 May borrow from home loan bank. See RCW...

32.08.210 - Power to act as trustee—Authorized trusts—Limitations—Application to act as trustee, fee—Approval or refusal of application—Right of appeal—Use of word "trust." - RCW 32.08.210 Power to act as trustee—Authorized trusts—Limitations—Application to act...

32.08.215 - Power to act as trustee for common trust funds under multiple trust agreements—Conditions. - RCW 32.08.215 Power to act as trustee for common trust...

32.08.220 - Findings—Purpose. - RCW 32.08.220 Findings—Purpose. The legislature finds that [the] state of...

32.08.225 - Sale, purchase, etc., of interest rate exchange agreements, loans, or interests therein. - RCW 32.08.225 Sale, purchase, etc., of interest rate exchange agreements,...

32.08.230 - Restrictions and requirements by director. - RCW 32.08.230 Restrictions and requirements by director. Any mutual savings...

Chapter 32.12 - Deposits—Earnings—Dividends—Interest.

32.12.010 - Deposits by individuals governed by chapter 30.22 RCW—Other deposits which a savings bank may establish—Limitations. - RCW 32.12.010 Deposits by individuals governed by chapter 30.22 RCW—Other...

32.12.020 - Repayment of deposits and dividends. - RCW 32.12.020 Repayment of deposits and dividends. The sums deposited...

32.12.025 - Withdrawals by savings bank's drafts in accordance with depositor's instructions authorized. - RCW 32.12.025 Withdrawals by savings bank's drafts in accordance with...

32.12.050 - Accounting—Entry of assets, real estate, securities, etc. - RCW 32.12.050 Accounting—Entry of assets, real estate, securities, etc. (1)...

32.12.070 - Computation of earnings. - RCW 32.12.070 Computation of earnings. (1) Gross current operating earnings....

32.12.080 - Misleading advertisement of surplus or guaranty fund. - RCW 32.12.080 Misleading advertisement of surplus or guaranty fund. No...

32.12.090 - Interest—Rate—Notice of changed rate. - RCW 32.12.090 Interest—Rate—Notice of changed rate. (1) Every savings bank...

32.12.120 - Adverse claim to a deposit to be accompanied by court order or bond—Exceptions. - RCW 32.12.120 Adverse claim to a deposit to be accompanied...

Chapter 32.16 - Officers and Employees.

32.16.010 - Board of trustees—Number—Qualifications. - RCW 32.16.010 Board of trustees—Number—Qualifications. (1) There shall be a...

32.16.012 - Age requirements. - RCW 32.16.012 Age requirements. The bylaws of a savings bank...

32.16.020 - Oath of trustees—Declaration of incumbency—Not applicable to directors of stock savings banks. - RCW 32.16.020 Oath of trustees—Declaration of incumbency—Not applicable to directors...

32.16.030 - Vacancies, when to be filled. - RCW 32.16.030 Vacancies, when to be filled. A vacancy in...

32.16.040 - Quorum—Meetings. - RCW 32.16.040 Quorum—Meetings. A quorum at any regular or special...

32.16.050 - Compensation of trustees. - RCW 32.16.050 Compensation of trustees. (1) A trustee of a...

32.16.060 - Change in number of trustees. - RCW 32.16.060 Change in number of trustees. The board of...

32.16.070 - Restrictions on trustees. - RCW 32.16.070 Restrictions on trustees. (1) A trustee of a...

32.16.080 - Removal of trustees—Vacancies—Eligibility to reelection. - RCW 32.16.080 Removal of trustees—Vacancies—Eligibility to reelection. (1) Whenever, in...

32.16.090 - Removal of a board director, officer, or employee—Prohibition from participation in conduct of affairs—Grounds—Notice. - RCW 32.16.090 Removal of a board director, officer, or employee—Prohibition...

32.16.0901 - Written notice of charges under RCW 32.16.090. - RCW 32.16.0901 Written notice of charges under RCW 32.16.090. The...

32.16.093 - Notice of intention to remove or prohibit participation in conduct of affairs—Hearing—Order of removal and/or prohibition. - RCW 32.16.093 Notice of intention to remove or prohibit participation...

32.16.095 - Removal of one or more trustees or directors—Lack of quorum—Temporary trustees. - RCW 32.16.095 Removal of one or more trustees or directors—Lack...

32.16.097 - Penalty for violation of order issued under RCW 32.16.093. - RCW 32.16.097 Penalty for violation of order issued under RCW...

32.16.100 - Examination by trustees' committee—Report. - RCW 32.16.100 Examination by trustees' committee—Report. The trustees of every...

32.16.110 - Officers. - RCW 32.16.110 Officers. The board of trustees shall elect from...

32.16.120 - Fidelity bonds. - RCW 32.16.120 Fidelity bonds. The trustees of every savings bank...

32.16.130 - Conversion of savings and loan association to mutual savings bank—Director may serve as trustee. - RCW 32.16.130 Conversion of savings and loan association to mutual...

32.16.140 - Violations—Trustees' or directors' liability. - RCW 32.16.140 Violations—Trustees' or directors' liability. If the trustees or...

Chapter 32.20 - Investments.

32.20.010 - Definitions. - RCW 32.20.010 Definitions. The words "mutual savings bank" and "savings...

32.20.020 - Power to invest funds—Restrictions. - RCW 32.20.020 Power to invest funds—Restrictions. A mutual savings bank...

32.20.030 - Bonds or obligations of United States and Canada. - RCW 32.20.030 Bonds or obligations of United States and Canada....

32.20.035 - Investment trusts or companies. - RCW 32.20.035 Investment trusts or companies. Except as may be...

32.20.040 - Federally insured or secured loans, securities, etc. - RCW 32.20.040 Federally insured or secured loans, securities, etc. A...

32.20.045 - Obligations of corporations created as federal agency or instrumentality. - RCW 32.20.045 Obligations of corporations created as federal agency or...

32.20.047 - Stock of small business investment companies regulated by United States. - RCW 32.20.047 Stock of small business investment companies regulated by...

32.20.050 - Bonds of state of Washington and its agencies. - RCW 32.20.050 Bonds of state of Washington and its agencies....

32.20.060 - Bonds of other states. - RCW 32.20.060 Bonds of other states. A mutual savings bank...

32.20.070 - Bonds and warrants of counties, municipalities, etc., of Washington. - RCW 32.20.070 Bonds and warrants of counties, municipalities, etc., of...

32.20.080 - Municipal bonds in adjoining state. - RCW 32.20.080 Municipal bonds in adjoining state. A mutual savings...

32.20.090 - Housing and industrial development bonds and municipal obligations in any state. - RCW 32.20.090 Housing and industrial development bonds and municipal obligations...

32.20.100 - Revenue bonds of certain cities in any state. - RCW 32.20.100 Revenue bonds of certain cities in any state....

32.20.110 - District bonds secured by taxing power. - RCW 32.20.110 District bonds secured by taxing power. A mutual...

32.20.120 - Local improvement district bonds. - RCW 32.20.120 Local improvement district bonds. A mutual savings bank...

32.20.130 - Bonds of irrigation, diking, drainage districts. - RCW 32.20.130 Bonds of irrigation, diking, drainage districts. A mutual...

32.20.210 - Obligations of International Bank for Reconstruction and Development. - RCW 32.20.210 Obligations of International Bank for Reconstruction and Development....

32.20.215 - Obligations issued or guaranteed by Inter-American Development Bank. - RCW 32.20.215 Obligations issued or guaranteed by Inter-American Development Bank....

32.20.217 - Obligations of Asian Development Bank. - RCW 32.20.217 Obligations of Asian Development Bank. A mutual savings...

32.20.219 - Obligations issued or guaranteed by African Development Bank or other multilateral development bank. - RCW 32.20.219 Obligations issued or guaranteed by African Development Bank...

32.20.220 - Bankers' acceptances, bills of exchange, and commercial paper. - RCW 32.20.220 Bankers' acceptances, bills of exchange, and commercial paper....

32.20.230 - Notes secured by investments. - RCW 32.20.230 Notes secured by investments. A mutual savings bank...

32.20.240 - Notes secured by pledge or assignment of account. - RCW 32.20.240 Notes secured by pledge or assignment of account....

32.20.253 - Loans secured by real estate, mobile homes, movable buildings. - RCW 32.20.253 Loans secured by real estate, mobile homes, movable...

32.20.265 - Valuation of property to be mortgaged—Appraiser's opinion. - RCW 32.20.265 Valuation of property to be mortgaged—Appraiser's opinion. When,...

32.20.280 - Investments in real estate. - RCW 32.20.280 Investments in real estate. A mutual savings bank...

32.20.285 - Investments through purchase of real estate—Improvements. - RCW 32.20.285 Investments through purchase of real estate—Improvements. Subject to...

32.20.300 - Home loan bank as depositary. - RCW 32.20.300 Home loan bank as depositary. See RCW 30A.32.040.

32.20.310 - Deposit of securities. - RCW 32.20.310 Deposit of securities. A savings bank may deposit...

32.20.320 - Investment of funds. - RCW 32.20.320 Investment of funds. The trustees of every savings...

32.20.330 - Investments—Loans, preferred stock, or interest-bearing obligations—Restrictions. - RCW 32.20.330 Investments—Loans, preferred stock, or interest-bearing obligations—Restrictions. A mutual...

32.20.335 - Investments—Qualified thrift investments. - RCW 32.20.335 Investments—Qualified thrift investments. A mutual savings bank may...

32.20.340 - Stock or bonds of federal home loan bank. - RCW 32.20.340 Stock or bonds of federal home loan bank....

32.20.350 - Stock of federal reserve bank or Federal Deposit Insurance Corporation. - RCW 32.20.350 Stock of federal reserve bank or Federal Deposit...

32.20.370 - Corporate bonds and other interest-bearing or discounted obligations. - RCW 32.20.370 Corporate bonds and other interest-bearing or discounted obligations....

32.20.380 - Stocks, securities, of corporations not otherwise eligible for investment. - RCW 32.20.380 Stocks, securities, of corporations not otherwise eligible for...

32.20.390 - Obligations of corporations or associations federally authorized to insure or market real estate mortgages—Loans, etc., eligible for insurance. - RCW 32.20.390 Obligations of corporations or associations federally authorized to...

32.20.400 - Loans for home or property repairs, alterations, appliances, improvements, additions, furnishings, underground utilities, education or nonbusiness family purposes. - RCW 32.20.400 Loans for home or property repairs, alterations, appliances,...

32.20.410 - Limitation of total investment in certain obligations. - RCW 32.20.410 Limitation of total investment in certain obligations. The...

32.20.415 - Limitation on certain secured and unsecured loans. - RCW 32.20.415 Limitation on certain secured and unsecured loans. In...

32.20.430 - Loans to banks or trust companies. - RCW 32.20.430 Loans to banks or trust companies. A mutual...

32.20.440 - Purchase of United States securities from banks or trust companies. - RCW 32.20.440 Purchase of United States securities from banks or...

32.20.445 - Stock, other securities, and obligations of federally insured institutions. - RCW 32.20.445 Stock, other securities, and obligations of federally insured...

32.20.450 - Low-cost housing—Legislative finding. - RCW 32.20.450 Low-cost housing—Legislative finding. The legislature finds there is...

32.20.460 - Low-cost housing—Factory built housing—Mobile homes. - RCW 32.20.460 Low-cost housing—Factory built housing—Mobile homes. In addition to...

32.20.470 - Improvement of private land for public parks and recreation areas. - RCW 32.20.470 Improvement of private land for public parks and...

32.20.480 - Loans or investments to provide adequate housing and environmental improvements—Criteria—Restrictions. - RCW 32.20.480 Loans or investments to provide adequate housing and...

32.20.500 - Construction—1973 1st ex.s. c 31. - RCW 32.20.500 Construction—1973 1st ex.s. c 31. The powers granted...

Chapter 32.24 - Insolvency and Liquidation.

32.24.010 - Liquidation of solvent bank. - RCW 32.24.010 Liquidation of solvent bank. If the trustees of...

32.24.020 - Procedure to liquidate and dissolve. - RCW 32.24.020 Procedure to liquidate and dissolve. When the trustees,...

32.24.030 - Transfer of assets and liabilities to another bank. - RCW 32.24.030 Transfer of assets and liabilities to another bank....

32.24.040 - Notice to correct unsafe conditions—Possession may be taken under specified circumstances. - RCW 32.24.040 Notice to correct unsafe conditions—Possession may be taken...

32.24.050 - Director may order levy of assessment—Liquidation of bank in unsound condition or insolvent. - RCW 32.24.050 Director may order levy of assessment—Liquidation of bank...

32.24.060 - Possession by director—Bank may contest. - RCW 32.24.060 Possession by director—Bank may contest. Within ten days...

32.24.070 - Receiver prohibited except in emergency. - RCW 32.24.070 Receiver prohibited except in emergency. No receiver shall...

32.24.073 - Voluntary closing—Possession of the director—Notice. - RCW 32.24.073 Voluntary closing—Possession of the director—Notice. (1) Subject to...

32.24.080 - Transfer of assets when insolvent—Penalty. - RCW 32.24.080 Transfer of assets when insolvent—Penalty. (1) Every transfer...

32.24.090 - Federal deposit insurance corporation as receiver or liquidator—Appointment—Powers and duties. - RCW 32.24.090 Federal deposit insurance corporation as receiver or liquidator—Appointment—Powers...

32.24.100 - Payment or acquisition of deposit liabilities by federal deposit insurance corporation—Not hindered by judicial review—Liability. - RCW 32.24.100 Payment or acquisition of deposit liabilities by federal...

Chapter 32.32 - Conversion of Mutual Savings Bank to Capital Stock Savings Bank.

32.32.010 - Chapter exclusive—Prohibition on conversion without approval—Waiver of requirements. - RCW 32.32.010 Chapter exclusive—Prohibition on conversion without approval—Waiver of requirements....

32.32.015 - Forms. - RCW 32.32.015 Forms. The director may prescribe under this chapter...

32.32.020 - Request of noncompliance—Requirements. - RCW 32.32.020 Request of noncompliance—Requirements. (1) If an applicant finds...

32.32.025 - Definitions. - RCW 32.32.025 Definitions. As used in this chapter, the following...

32.32.030 - Prohibition on approval of certain applications for conversion. - RCW 32.32.030 Prohibition on approval of certain applications for conversion....

32.32.035 - Requirements of plan of conversion. - RCW 32.32.035 Requirements of plan of conversion. The plan of...

32.32.040 - Issuance of capital stock—Price. - RCW 32.32.040 Issuance of capital stock—Price. A converted savings bank...

32.32.042 - Shares—Certificate not required. - RCW 32.32.042 Shares—Certificate not required. (1) Shares of a savings...

32.32.045 - Stock purchase subscription rights—Eligible account holders. - RCW 32.32.045 Stock purchase subscription rights—Eligible account holders. Each eligible...

32.32.050 - Stock purchase subscription rights received by officers, directors, and their associates—Subordination. - RCW 32.32.050 Stock purchase subscription rights received by officers, directors,...

32.32.055 - Supplemental share purchase subscription rights—Supplemental eligible account holder—Conditions. - RCW 32.32.055 Supplemental share purchase subscription rights—Supplemental eligible account holder—Conditions....

32.32.060 - Sale of shares not sold in subscription offering—Methods—Conditions. - RCW 32.32.060 Sale of shares not sold in subscription offering—Methods—Conditions....

32.32.065 - Limitation on subscription and purchase of shares by person with associate or group—Amount. - RCW 32.32.065 Limitation on subscription and purchase of shares by...

32.32.070 - Limitation on purchase of shares by officers, directors, and their associates—Amount. - RCW 32.32.070 Limitation on purchase of shares by officers, directors,...

32.32.075 - Prohibition on purchase of shares by officers, directors, and their associates—Exception. - RCW 32.32.075 Prohibition on purchase of shares by officers, directors,...

32.32.080 - Uniform sales price of shares required—Application to specify arrangements on sale of shares not sold in subscription offering. - RCW 32.32.080 Uniform sales price of shares required—Application to specify...

32.32.085 - Savings account holder to receive withdrawable savings account(s)—Amount. - RCW 32.32.085 Savings account holder to receive withdrawable savings account(s)—Amount....

32.32.090 - Liquidation account—Establishment and maintenance required. - RCW 32.32.090 Liquidation account—Establishment and maintenance required. A converting savings...

32.32.095 - Establishment of eligibility record date required. - RCW 32.32.095 Establishment of eligibility record date required. The applicant...

32.32.100 - Capital stock—Voting rights. - RCW 32.32.100 Capital stock—Voting rights. The holders of the capital...

32.32.105 - Amendment and termination of plan of conversion. - RCW 32.32.105 Amendment and termination of plan of conversion. The...

32.32.110 - Restriction on sale of shares of stock by directors and officers. - RCW 32.32.110 Restriction on sale of shares of stock by...

32.32.115 - Conditions on shares of stock subject to restriction on sale. - RCW 32.32.115 Conditions on shares of stock subject to restriction...

32.32.120 - Registration of securities—Marketing of securities—Listing of shares on securities exchange or NASDAQ quotation system. - RCW 32.32.120 Registration of securities—Marketing of securities—Listing of shares on...

32.32.125 - Reasonable expenses required. - RCW 32.32.125 Reasonable expenses required. The expenses incurred in the...

32.32.130 - Plan of conversion—Prohibited provisions. - RCW 32.32.130 Plan of conversion—Prohibited provisions. The plan of conversion...

32.32.135 - Plan of conversion—Permissible provisions. - RCW 32.32.135 Plan of conversion—Permissible provisions. The plan of conversion...

32.32.140 - Purchase of certain shares of stock by directors, officers, and employees permitted—Conditions. - RCW 32.32.140 Purchase of certain shares of stock by directors,...

32.32.145 - Receipt of certain subscription rights by account holders permitted—Amount—Conditions. - RCW 32.32.145 Receipt of certain subscription rights by account holders...

32.32.150 - Permissible sales of insignificant residue of shares. - RCW 32.32.150 Permissible sales of insignificant residue of shares. Any...

32.32.155 - Limitation on number of shares subscribed in subscription offering permitted. - RCW 32.32.155 Limitation on number of shares subscribed in subscription...

32.32.160 - Minimum purchase requirement in exercise of subscription rights permitted. - RCW 32.32.160 Minimum purchase requirement in exercise of subscription rights...

32.32.165 - Stock option plan permitted—Reserved shares. - RCW 32.32.165 Stock option plan permitted—Reserved shares. A stock option...

32.32.170 - Issuance of securities in lieu of capital stock permitted—References to capital stock. - RCW 32.32.170 Issuance of securities in lieu of capital stock...

32.32.175 - Approval of other equitable provisions. - RCW 32.32.175 Approval of other equitable provisions. The director may...

32.32.180 - Amount of qualifying deposit of eligible account holder or supplemental eligible account holder. - RCW 32.32.180 Amount of qualifying deposit of eligible account holder...

32.32.185 - Liquidation account—Establishment required—Amount—Function. - RCW 32.32.185 Liquidation account—Establishment required—Amount—Function. Each converted savings bank shall,...

32.32.190 - Liquidation account—Maintenance required—Subaccounts. - RCW 32.32.190 Liquidation account—Maintenance required—Subaccounts. The liquidation account shall be...

32.32.195 - Liquidation account—Distribution upon complete liquidation. - RCW 32.32.195 Liquidation account—Distribution upon complete liquidation. In the event...

32.32.200 - Liquidation account—Determination of subaccount balances. - RCW 32.32.200 Liquidation account—Determination of subaccount balances. The initial subaccount...

32.32.205 - Reduction of subaccount balance. - RCW 32.32.205 Reduction of subaccount balance. If the deposit balance...

32.32.210 - Converted savings bank prohibited from repurchasing its stock without approval. - RCW 32.32.210 Converted savings bank prohibited from repurchasing its stock...

32.32.215 - Limitation on cash dividends. - RCW 32.32.215 Limitation on cash dividends. Except as provided in...

32.32.220 - Limitation on certain cash dividends within ten years of conversion. - RCW 32.32.220 Limitation on certain cash dividends within ten years...

32.32.222 - Dividends on preferred stock. - RCW 32.32.222 Dividends on preferred stock. A converted mutual savings...

32.32.225 - Prohibitions on offer, sale, or purchase of securities. - RCW 32.32.225 Prohibitions on offer, sale, or purchase of securities....

32.32.228 - Acquisition of control of a converted savings bank—State reciprocity—Definitions. - RCW 32.32.228 Acquisition of control of a converted savings bank—State...

32.32.230 - Nonapproval of conversion unless acquisition of control within three years by certain companies prohibited. - RCW 32.32.230 Nonapproval of conversion unless acquisition of control within...

32.32.235 - Plan of conversion—Charter restrictions permitted. - RCW 32.32.235 Plan of conversion—Charter restrictions permitted. To the extent...

32.32.240 - Confidentiality of consideration to convert—Remedial measures for breach. - RCW 32.32.240 Confidentiality of consideration to convert—Remedial measures for breach....

32.32.245 - Public statement authorized. - RCW 32.32.245 Public statement authorized. If it should become essential...

32.32.250 - Adoption of plan of conversion—Notice to and inspection by account holders—Statement and letter—Press release authorized. - RCW 32.32.250 Adoption of plan of conversion—Notice to and inspection...

32.32.255 - Statement, letter, and press release—Content permitted. - RCW 32.32.255 Statement, letter, and press release—Content permitted. The statement,...

32.32.260 - Statement, letter, and press release—Contents prohibited—Inquiries. - RCW 32.32.260 Statement, letter, and press release—Contents prohibited—Inquiries. The statement,...

32.32.265 - Notices of filing of application—Requests for subscription offering circular. - RCW 32.32.265 Notices of filing of application—Requests for subscription offering...

32.32.270 - Filing of notice and affidavit of publication required. - RCW 32.32.270 Filing of notice and affidavit of publication required....

32.32.275 - Applications available for public inspection—Confidential information. - RCW 32.32.275 Applications available for public inspection—Confidential information. Should the...

32.32.280 - Offers and sales of securities—Prohibitions. - RCW 32.32.280 Offers and sales of securities—Prohibitions. No offer to...

32.32.285 - Distribution of offering circulars authorized. - RCW 32.32.285 Distribution of offering circulars authorized. Any preliminary offering...

32.32.290 - Preliminary offering circular for subscription offering—Estimated subscription price range required. - RCW 32.32.290 Preliminary offering circular for subscription offering—Estimated subscription price...

32.32.295 - Review of price information by director. - RCW 32.32.295 Review of price information by director. The director...

32.32.300 - Underwriting commissions. - RCW 32.32.300 Underwriting commissions. Underwriting commissions shall not exceed an...

32.32.305 - Consideration of pricing information by director—Guidelines. - RCW 32.32.305 Consideration of pricing information by director—Guidelines. In considering...

32.32.310 - Submission of information by applicant. - RCW 32.32.310 Submission of information by applicant. In addition to...

32.32.315 - Subscription offering—Distribution of order forms for the purchase of shares. - RCW 32.32.315 Subscription offering—Distribution of order forms for the purchase...

32.32.320 - Order forms—Final offering circular and detailed instructions. - RCW 32.32.320 Order forms—Final offering circular and detailed instructions. Each...

32.32.325 - Subscription price. - RCW 32.32.325 Subscription price. The maximum subscription price stated on...

32.32.330 - Order form—Contents. - RCW 32.32.330 Order form—Contents. Each order form distributed pursuant to...

32.32.335 - Order form—Additional provision authorized—Payment by withdrawal. - RCW 32.32.335 Order form—Additional provision authorized—Payment by withdrawal. The order...

32.32.340 - Time period for completion of sale of all shares of capital stock. - RCW 32.32.340 Time period for completion of sale of all...

32.32.345 - Copies of application for approval to be filed. - RCW 32.32.345 Copies of application for approval to be filed....

32.32.350 - Nonacceptance and return of applications. - RCW 32.32.350 Nonacceptance and return of applications. Any application for...

32.32.355 - Continuity of corporate existence. - RCW 32.32.355 Continuity of corporate existence. Upon the filing of...

32.32.360 - Form of application. - RCW 32.32.360 Form of application. The form of the application...

32.32.365 - Representations upon filing of application. - RCW 32.32.365 Representations upon filing of application. Except as provided...

32.32.370 - Representations upon filing of application—Exception. - RCW 32.32.370 Representations upon filing of application—Exception. The representations specified...

32.32.375 - Application to furnish information. - RCW 32.32.375 Application to furnish information. Every application shall furnish...

32.32.380 - Application—Additional information required. - RCW 32.32.380 Application—Additional information required. In addition to the information...

32.32.385 - Omission of certain information permitted—Conditions. - RCW 32.32.385 Omission of certain information permitted—Conditions. Information required need...

32.32.390 - Offering circular—Certain manner of presentation of required information prohibited. - RCW 32.32.390 Offering circular—Certain manner of presentation of required information...

32.32.395 - Form and contents of filings. - RCW 32.32.395 Form and contents of filings. The form and...

32.32.400 - Conformance required to order prohibiting the use of any filing. - RCW 32.32.400 Conformance required to order prohibiting the use of...

32.32.405 - Application—Certain named persons—Filing of written consent required. - RCW 32.32.405 Application—Certain named persons—Filing of written consent required. (1)...

32.32.410 - Offering circular—Certain named persons—Filing of written consent required. - RCW 32.32.410 Offering circular—Certain named persons—Filing of written consent required....

32.32.415 - Date of receipt—Date of filing. - RCW 32.32.415 Date of receipt—Date of filing. The date on...

32.32.420 - Availability for conferences in advance of filing of application—Refusal of prefiling review. - RCW 32.32.420 Availability for conferences in advance of filing of...

32.32.425 - Appeal from refusal to approve application. - RCW 32.32.425 Appeal from refusal to approve application. From the...

32.32.430 - Postconversion reports. - RCW 32.32.430 Postconversion reports. The applicant shall file such postconversion...

32.32.435 - Definitions. - RCW 32.32.435 Definitions. For purposes of RCW 32.32.440 through 32.32.475,...

32.32.440 - Certain agreement to transfer and transfers of ownership in rights or securities prohibited. - RCW 32.32.440 Certain agreement to transfer and transfers of ownership...

32.32.445 - Certain offers and announcements on securities prohibited. - RCW 32.32.445 Certain offers and announcements on securities prohibited. Prior...

32.32.450 - Certain offers and acquisitions prohibited. - RCW 32.32.450 Certain offers and acquisitions prohibited. No person for...

32.32.455 - Nonapplicability of RCW 32.32.440 and 32.32.445. - RCW 32.32.455 Nonapplicability of RCW 32.32.440 and 32.32.445. RCW 32.32.440...

32.32.460 - Nonapplicability of RCW 32.32.445 and 32.32.450. - RCW 32.32.460 Nonapplicability of RCW 32.32.445 and 32.32.450. RCW 32.32.445...

32.32.465 - Nonapplicability of RCW 32.32.450. - RCW 32.32.465 Nonapplicability of RCW 32.32.450. Unless made applicable by...

32.32.470 - Approval of certain applications prohibited. - RCW 32.32.470 Approval of certain applications prohibited. The director shall...

32.32.475 - Penalty for violations. - RCW 32.32.475 Penalty for violations. For willful violation or assistance...

32.32.480 - Name of converted savings bank. - RCW 32.32.480 Name of converted savings bank. A savings bank...

32.32.485 - Amendments to charter required in application—Articles of incorporation—Filing of certificate required—Contents—Issuance and filing of authorization certificate. - RCW 32.32.485 Amendments to charter required in application—Articles of incorporation—Filing...

32.32.490 - Amendments to articles of incorporation. - RCW 32.32.490 Amendments to articles of incorporation. (1) Amendments to...

32.32.495 - Directors—Election—Meetings—Quorum—Oath—Vacancies. - RCW 32.32.495 Directors—Election—Meetings—Quorum—Oath—Vacancies. (1) Every converted savings bank shall be...

32.32.497 - Conversions incident to acquisition by savings bank holding company or merger or consolidation with savings bank holding company subsidiary—Application of RCW 32.32.110 and 32.32.115. - RCW 32.32.497 Conversions incident to acquisition by savings bank holding...

32.32.500 - Merger, consolidation, conversion, etc.—Approval—Concentration limits. - RCW 32.32.500 Merger, consolidation, conversion, etc.—Approval—Concentration limits. (1) A savings...

32.32.505 - Intent—References in the Revised Code of Washington. - RCW 32.32.505 Intent—References in the Revised Code of Washington. (1)...

32.32.515 - Guaranty fund. - RCW 32.32.515 Guaranty fund. The guaranty fund of a mutual...

32.32.520 - "Funds" defined. - RCW 32.32.520 "Funds" defined. The "funds" of a converted savings...

32.32.525 - Prohibition on certain securities and purchases—Exception. - RCW 32.32.525 Prohibition on certain securities and purchases—Exception. After July...

Chapter 32.34 - Merger, Consolidation, Conversion, Etc.

32.34.010 - Conversion of domestic savings bank—Rights, powers, etc., of successor institution. - RCW 32.34.010 Conversion of domestic savings bank—Rights, powers, etc., of...

32.34.020 - Conversion of federal savings bank, national bank, or state commercial bank to domestic savings bank. - RCW 32.34.020 Conversion of federal savings bank, national bank, or...

32.34.025 - Conversion of stock savings bank to savings bank without capital stock. - RCW 32.34.025 Conversion of stock savings bank to savings bank...

32.34.030 - Savings banks converted to stock form—Voluntary liquidation, transfer of assets, merger, consolidation, etc.—Approval of directors and shareholders. - RCW 32.34.030 Savings banks converted to stock form—Voluntary liquidation, transfer...

32.34.040 - Savings bank holding companies—Savings bank subsidiaries. - RCW 32.34.040 Savings bank holding companies—Savings bank subsidiaries. (1) No...

32.34.050 - Business trusts for the benefit of depositors. - RCW 32.34.050 Business trusts for the benefit of depositors. A...

32.34.060 - Voluntary liquidation, conversion, acquisition, merger, and consolidation—Right of dissenting shareholder to receive value of shares—Determination. - RCW 32.34.060 Voluntary liquidation, conversion, acquisition, merger, and consolidation—Right of...

Chapter 32.35 - Stock Savings Banks.

32.35.010 - Incorporators—Paid-in capital stock, surplus, and undivided profits—Requirements. - RCW 32.35.010 Incorporators—Paid-in capital stock, surplus, and undivided profits—Requirements. When...

32.35.020 - Notice of intention to organize—Proposed articles of incorporation—Contents. - RCW 32.35.020 Notice of intention to organize—Proposed articles of incorporation—Contents....

32.35.030 - Investigation. - RCW 32.35.030 Investigation. When the notice of intention to organize...

32.35.040 - Notice to file articles—Articles approved or refused—Hearing. - RCW 32.35.040 Notice to file articles—Articles approved or refused—Hearing. After...

32.35.050 - Approved articles to be filed and recorded—Organization complete. - RCW 32.35.050 Approved articles to be filed and recorded—Organization complete....

32.35.055 - Amending articles—Filing with director—Contents. - RCW 32.35.055 Amending articles—Filing with director—Contents. A stock savings bank...

32.35.060 - Certificate of authority—Issuance—Contents. - RCW 32.35.060 Certificate of authority—Issuance—Contents. Before any stock savings bank...

32.35.070 - Failure to commence business—Effect—Extension of time. - RCW 32.35.070 Failure to commence business—Effect—Extension of time. Every corporation...

32.35.080 - Extension of existence—Application—Investigation—Certificate—Appeal—Winding up for failure to continue existence. - RCW 32.35.080 Extension of existence—Application—Investigation—Certificate—Appeal—Winding up for failure to continue...

32.35.090 - Shares—Certificates not required. - RCW 32.35.090 Shares—Certificates not required. (1) Shares of a stock...

Chapter 32.40 - Community Credit Needs.

32.40.010 - Examinations—Investigation and assessment of performance record in meeting community credit needs. - RCW 32.40.010 Examinations—Investigation and assessment of performance record in meeting...

32.40.020 - Approval and disapproval of applications—Consideration of performance record in meeting community credit needs. - RCW 32.40.020 Approval and disapproval of applications—Consideration of performance record...

32.40.030 - Adoption of rules. - RCW 32.40.030 Adoption of rules. The director shall adopt all...

32.40.901 - Effective date—1985 c 329. - RCW 32.40.901 Effective date—1985 c 329. See RCW 30A.60.901.

Chapter 32.50 - Supervisory Direction by the Director of Financial Institutions.

32.50.005 - Definitions. - RCW 32.50.005 Definitions. The definitions in this section apply throughout...

32.50.010 - Determination of unsafe condition—Notice—List of director's requirements—Conservator. - RCW 32.50.010 Determination of unsafe condition—Notice—List of director's requirements—Conservator. If...

32.50.020 - Director may appoint representative—Restrictions placed on savings bank. - RCW 32.50.020 Director may appoint representative—Restrictions placed on savings bank....

32.50.030 - Failure of savings bank to comply—Appointment of conservator—Powers and duties of conservator, immunity. - RCW 32.50.030 Failure of savings bank to comply—Appointment of conservator—Powers...

32.50.040 - Costs of supervisory direction and conservatorship. - RCW 32.50.040 Costs of supervisory direction and conservatorship. All costs...

32.50.050 - Request for review of actions taken by representative or conservator. - RCW 32.50.050 Request for review of actions taken by representative...

32.50.060 - Suit filed after savings bank in conservatorship. - RCW 32.50.060 Suit filed after savings bank in conservatorship. Any...

32.50.070 - Duration of conservatorship. - RCW 32.50.070 Duration of conservatorship. The conservator shall serve for...

32.50.080 - Authority of director to act—Administrative discretion. - RCW 32.50.080 Authority of director to act—Administrative discretion. If the...

32.50.900 - Effective date—2010 c 88. - RCW 32.50.900 Effective date—2010 c 88. This act is necessary...

Chapter 32.98 - Construction.

32.98.010 - Continuation of existing law. - RCW 32.98.010 Continuation of existing law. The provisions of this...

32.98.020 - Title, chapter, section headings not part of law. - RCW 32.98.020 Title, chapter, section headings not part of law....

32.98.030 - Invalidity of part of title not to affect remainder. - RCW 32.98.030 Invalidity of part of title not to affect...

32.98.050 - Repeals and saving. - RCW 32.98.050 Repeals and saving. See 1955 c 13 s...

32.98.060 - Emergency—1955 c 13. - RCW 32.98.060 Emergency—1955 c 13. This act is necessary for...

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Revised Code of Washington Title 32 - Washington Savings Bank Act

Revised Code of Washington
Title 32 - Washington Savings Bank Act