Valuation of assets — Books of merging trust company.

Without approval by the director, no asset shall be carried on the books of the resulting trust company at a valuation higher than that on the books of the merging trust company at the time of its last examination by a state trust examiner before the effective date of the merger or conversion.

[1994 c 256 § 66.]

Notes: Findings -- Construction -- 1994 c 256: See RCW 43.320.007.