Washington StatutesTitle 32 - Mutual savings banks
- 32.04 - General provisions.
- 32.04.010 - Scope of title.
- 32.04.015 - Duty to comply -- Violations -- Penalty.
- 32.04.020 - Definitions.
- 32.04.022 - "Mortgage" includes deed of trust.
- 32.04.025 - Powers as to horizontal property regimes or condominiums.
- 32.04.030 - Branches -- Director's approval -- State reciprocity -- Definition.
- 32.04.035 - Agency agreements -- Written notice to director.
- 32.04.050 - Reports.
- 32.04.070 - Certified copies of records as evidence.
- 32.04.080 - Employees' pension, retirement, or health insurance benefits -- Payment.
- 32.04.082 - Pension, retirement, or health insurance benefits -- Waiver by bank of offsets attributable to social security.
- 32.04.085 - Pension, retirement, or health insurance benefits -- Supplementation.
- 32.04.100 - Penalty for falsification.
- 32.04.110 - Penalty for concealing or destroying evidence.
- 32.04.120 - Specific penalties invoked.
- 32.04.130 - General penalty.
- 32.04.150 - Cost of examination.
- 32.04.170 - Conversion to mutual savings bank of savings and loan association.
- 32.04.190 - Bank stabilization act.
- 32.04.200 - Capital notes or debentures.
- 32.04.210 - Saturday closing authorized.
- 32.04.211 - Examinations directed -- Cooperative agreements and actions.
- 32.04.220 - Examination reports and other information -- Confidential -- Privileged -- Penalty.
- 32.04.250 - Notice of charges -- Reasons for issuance -- Grounds -- Contents of notice -- Hearing -- Cease and desist orders.
- 32.04.260 - Temporary cease and desist orders -- Reasons for issuance.
- 32.04.270 - Temporary cease and desist order -- Injunction to set aside, limit, or suspend temporary order.
- 32.04.280 - Violation of temporary cease and desist order -- Injunction to enforce order.
- 32.04.290 - Administrative hearing provided for in RCW 32.04.250 or 32.16.093 -- Procedure -- Order -- Judicial review.
- 32.04.300 - Jurisdiction of courts as to cease and desist orders, orders to remove trustee, officer, or employee, etc.
- 32.04.310 - Automated teller machines and night depositories security.
- 32.04.320 - Director -- Powers under chapter 19.144 RCW.
- 32.08 - Organization and powers.
- 32.08.010 - Authority to organize -- Incorporators -- Certificate.
- 32.08.020 - Notice of intention.
- 32.08.025 - Limited liability company -- Organization or conversion -- Approval of director -- Conditions -- Application of chapter 25.15 RCW -- Definitions.
- 32.08.030 - Submission of certificate -- Proof of service of notice.
- 32.08.040 - Examination and action by director.
- 32.08.050 - Appeal from adverse decision.
- 32.08.060 - Procedure upon approval.
- 32.08.061 - Extension of period of existence -- Procedure.
- 32.08.070 - Authorization certificate.
- 32.08.080 - Conditions precedent to reception of deposits.
- 32.08.090 - Expense fund -- Agreement to contribute further -- Security.
- 32.08.100 - Guaranty fund.
- 32.08.110 - Guaranty fund -- Purpose.
- 32.08.115 - Guaranty fund -- Payment of interest and dividends -- Legislative declaration.
- 32.08.116 - Guaranty fund -- Payment of interest and dividends -- When authorized.
- 32.08.120 - Guaranty fund -- Replenishment -- Dividends.
- 32.08.130 - Reimbursement fund.
- 32.08.140 - Powers of bank.
- 32.08.142 - Additional powers -- Powers of federal mutual savings bank.
- 32.08.145 - Safe deposit companies.
- 32.08.146 - Additional powers -- Powers and authorities granted to federal mutual savings banks after July 27, 2003 -- Restrictions.
- 32.08.148 - Operation of branch outside Washington--Powers and authorities.
- 32.08.150 - Certificates of deposit.
- 32.08.153 - Additional powers -- Powers and authorities of national banks on July 28, 1985, or a subsequent date not later than July 27, 2003.
- 32.08.155 - Additional powers -- Powers and authorities conferred upon national banks after July 27, 2003 -- Restrictions.
- 32.08.1551 - Powers and authorities of national banks after July 27, 2003 -- Director's finding necessary.
- 32.08.157 - Additional powers -- Powers and authorities of banks.
- 32.08.160 - Writing of fire insurance restricted.
- 32.08.170 - Effect of failure to organize or commence business.
- 32.08.180 - Extension of existence.
- 32.08.190 - May borrow from home loan bank.
- 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".
- 32.08.215 - Power to act as trustee for common trust funds under multiple trust agreements -- Conditions.
- 32.08.220 - Findings -- Purpose.
- 32.08.225 - Sale, purchase, etc., of interest rate exchange agreements, loans, or interests therein.
- 32.08.230 - Restrictions and requirements by director.
- 32.12 - Deposits -- Earnings -- Dividends -- Interest.
- 32.16 - Officers and employees.
- 32.20 - Investments.
- 32.20.010 - Definitions.
- 32.20.020 - Power to invest funds -- Restrictions.
- 32.20.030 - Bonds or obligations of United States and Canada.
- 32.20.035 - Investment trusts or companies.
- 32.20.040 - Federally insured or secured loans, securities, etc.
- 32.20.045 - Obligations of corporations created as federal agency or instrumentality.
- 32.20.047 - Stock of small business investment companies regulated by United States.
- 32.20.050 - Bonds of state of Washington and its agencies.
- 32.20.060 - Bonds of other states.
- 32.20.070 - Bonds and warrants of counties, municipalities, etc., of Washington.
- 32.20.080 - Municipal bonds in adjoining state.
- 32.20.090 - Housing and industrial development bonds and municipal obligations in any state.
- 32.20.100 - Revenue bonds of certain cities in any state.
- 32.20.110 - District bonds secured by taxing power.
- 32.20.120 - Local improvement district bonds.
- 32.20.130 - Bonds of irrigation, diking, drainage districts.
- 32.20.210 - Obligations of International Bank for Reconstruction and Development.
- 32.20.215 - Obligations issued or guaranteed by Inter-American Development Bank.
- 32.20.217 - Obligations of Asian Development Bank.
- 32.20.219 - Obligations issued or guaranteed by African Development Bank or other multilateral development bank.
- 32.20.220 - Bankers' acceptances, bills of exchange, and commercial paper.
- 32.20.230 - Notes secured by investments.
- 32.20.240 - Notes secured by pledge or assignment of account.
- 32.20.253 - Loans secured by real estate, mobile homes, movable buildings.
- 32.20.265 - Valuation of property to be mortgaged -- Appraiser's opinion.
- 32.20.280 - Investments in real estate.
- 32.20.285 - Investments through purchase of real estate -- Improvements.
- 32.20.300 - Home loan bank as depositary.
- 32.20.310 - Deposit of securities.
- 32.20.320 - Investment of funds.
- 32.20.330 - Investments -- Loans, preferred stock, or interest-bearing obligations -- Restrictions.
- 32.20.335 - Investments -- Qualified thrift investments.
- 32.20.340 - Stock or bonds of federal home loan bank.
- 32.20.350 - Stock of federal reserve bank or Federal Deposit Insurance Corporation.
- 32.20.370 - Corporate bonds and other interest-bearing or discounted obligations.
- 32.20.380 - Stocks, securities, of corporations not otherwise eligible for investment.
- 32.20.390 - Obligations of corporations or associations federally authorized to insure or market real estate mortgages -- Loans, etc., eligible for insurance.
- 32.20.400 - Loans for home or property repairs, alterations, appliances, improvements, additions, furnishings, underground utilities, education or nonbusiness family purposes.
- 32.20.410 - Limitation of total investment in certain obligations.
- 32.20.415 - Limitation on certain secured and unsecured loans.
- 32.20.430 - Loans to banks or trust companies.
- 32.20.440 - Purchase of United States securities from banks or trust companies.
- 32.20.445 - Stock, other securities, and obligations of federally insured institutions.
- 32.20.450 - Low-cost housing -- Legislative finding.
- 32.20.460 - Low-cost housing -- Factory built housing -- Mobile homes.
- 32.20.470 - Improvement of private land for public parks and recreation areas.
- 32.20.480 - Loans or investments to provide adequate housing and environmental improvements -- Criteria -- Restrictions.
- 32.20.500 - Construction -- 1973 1st ex.s. c 31.
- 32.24 - Insolvency and liquidation.
- 32.28 - Satellite facilities.
- 32.30 - Conversion of mutual savings bank to building and loan or savings and loan association.
- 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.
- 32.32.015 - Forms.
- 32.32.020 - Request of noncompliance -- Requirements.
- 32.32.025 - Definitions.
- 32.32.030 - Prohibition on approval of certain applications for conversion.
- 32.32.035 - Requirements of plan of conversion.
- 32.32.040 - Issuance of capital stock -- Price.
- 32.32.042 - Shares -- Certificate not required.
- 32.32.045 - Stock purchase subscription rights -- Eligible account holders.
- 32.32.050 - Stock purchase subscription rights received by officers, directors, and their associates -- Subordination.
- 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.
- 32.32.065 - Limitation on subscription and purchase of shares by person with associate or group -- Amount.
- 32.32.070 - Limitation on purchase of shares by officers, directors, and their associates -- Amount.
- 32.32.075 - Prohibition on purchase of shares by officers, directors, and their associates -- Exception.
- 32.32.080 - Uniform sales price of shares required -- Application to specify arrangements on sale of shares not sold in subscription offering.
- 32.32.085 - Savings account holder to receive withdrawable savings account(s) -- Amount.
- 32.32.090 - Liquidation account -- Establishment and maintenance required.
- 32.32.095 - Establishment of eligibility record date required.
- 32.32.100 - Capital stock -- Voting rights.
- 32.32.105 - Amendment and termination of plan of conversion.
- 32.32.110 - Restriction on sale of shares of stock by directors and officers.
- 32.32.115 - Conditions on shares of stock subject to restriction on sale.
- 32.32.120 - Registration of securities -- Marketing of securities -- Listing of shares on securities exchange or NASDAQ quotation system.
- 32.32.125 - Reasonable expenses required.
- 32.32.130 - Plan of conversion -- Prohibited provisions.
- 32.32.135 - Plan of conversion -- Permissible provisions.
- 32.32.140 - Purchase of certain shares of stock by directors, officers, and employees permitted -- Conditions.
- 32.32.145 - Receipt of certain subscription rights by account holders permitted -- Amount -- Conditions.
- 32.32.150 - Permissible sales of insignificant residue of shares.
- 32.32.155 - Limitation on number of shares subscribed in subscription offering permitted.
- 32.32.160 - Minimum purchase requirement in exercise of subscription rights permitted.
- 32.32.165 - Stock option plan permitted -- Reserved shares.
- 32.32.170 - Issuance of securities in lieu of capital stock permitted -- References to capital stock.
- 32.32.175 - Approval of other equitable provisions.
- 32.32.180 - Amount of qualifying deposit of eligible account holder or supplemental eligible account holder.
- 32.32.185 - Liquidation account -- Establishment required -- Amount -- Function.
- 32.32.190 - Liquidation account -- Maintenance required -- Subaccounts.
- 32.32.195 - Liquidation account -- Distribution upon complete liquidation.
- 32.32.200 - Liquidation account -- Determination of subaccount balances.
- 32.32.205 - Reduction of subaccount balance.
- 32.32.210 - Converted savings bank prohibited from repurchasing its stock without approval.
- 32.32.215 - Limitation on cash dividends.
- 32.32.220 - Limitation on certain cash dividends within ten years of conversion.
- 32.32.222 - Dividends on preferred stock.
- 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.
- 32.32.230 - Nonapproval of conversion unless acquisition of control within three years by certain companies prohibited.
- 32.32.235 - Plan of conversion -- Charter restrictions permitted.
- 32.32.240 - Confidentiality of consideration to convert -- Remedial measures for breach.
- 32.32.245 - Public statement authorized.
- 32.32.250 - Adoption of plan of conversion -- Notice to and inspection by account holders -- Statement and letter -- Press release authorized.
- 32.32.255 - Statement, letter, and press release -- Content permitted.
- 32.32.260 - Statement, letter, and press release -- Contents prohibited -- Inquiries.
- 32.32.265 - Notices of filing of application -- Requests for subscription offering circular.
- 32.32.270 - Filing of notice and affidavit of publication required.
- 32.32.275 - Applications available for public inspection -- Confidential information.
- 32.32.280 - Offers and sales of securities -- Prohibitions.
- 32.32.285 - Distribution of offering circulars authorized.
- 32.32.290 - Preliminary offering circular for subscription offering -- Estimated subscription price range required.
- 32.32.295 - Review of price information by director.
- 32.32.300 - Underwriting commissions.
- 32.32.305 - Consideration of pricing information by director -- Guidelines.
- 32.32.310 - Submission of information by applicant.
- 32.32.315 - Subscription offering -- Distribution of order forms for the purchase of shares.
- 32.32.320 - Order forms -- Final offering circular and detailed instructions.
- 32.32.325 - Subscription price.
- 32.32.330 - Order form -- Contents.
- 32.32.335 - Order form -- Additional provision authorized -- Payment by withdrawal.
- 32.32.340 - Time period for completion of sale of all shares of capital stock.
- 32.32.345 - Copies of application for approval to be filed.
- 32.32.350 - Nonacceptance and return of applications.
- 32.32.355 - Continuity of corporate existence.
- 32.32.360 - Form of application.
- 32.32.365 - Representations upon filing of application.
- 32.32.370 - Representations upon filing of application -- Exception.
- 32.32.375 - Application to furnish information.
- 32.32.380 - Application -- Additional information required.
- 32.32.385 - Omission of certain information permitted -- Conditions.
- 32.32.390 - Offering circular -- Certain manner of presentation of required information prohibited.
- 32.32.395 - Form and contents of filings.
- 32.32.400 - Conformance required to order prohibiting the use of any filing.
- 32.32.405 - Application -- Certain named persons -- Filing of written consent required.
- 32.32.410 - Offering circular -- Certain named persons -- Filing of written consent required.
- 32.32.415 - Date of receipt -- Date of filing.
- 32.32.420 - Availability for conferences in advance of filing of application -- Refusal of prefiling review.
- 32.32.425 - Appeal from refusal to approve application.
- 32.32.430 - Postconversion reports.
- 32.32.435 - Definitions.
- 32.32.440 - Certain agreement to transfer and transfers of ownership in rights or securities prohibited.
- 32.32.445 - Certain offers and announcements on securities prohibited.
- 32.32.450 - Certain offers and acquisitions prohibited.
- 32.32.455 - Nonapplicability of RCW 32.32.440 and 32.32.445.
- 32.32.460 - Nonapplicability of RCW 32.32.445 and 32.32.450.
- 32.32.465 - Nonapplicability of RCW 32.32.450.
- 32.32.470 - Approval of certain applications prohibited.
- 32.32.475 - Penalty for violations.
- 32.32.480 - Name of converted 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.
- 32.32.490 - Amendments to articles of incorporation.
- 32.32.495 - Directors -- Election -- Meetings -- Quorum -- Oath -- Vacancies.
- 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.
- 32.32.500 - Merger, consolidation, conversion, etc. -- Approval -- Concentration limits.
- 32.32.505 - Intent -- References in the Revised Code of Washington.
- 32.32.515 - Guaranty fund.
- 32.32.520 - "Funds" defined.
- 32.32.525 - Prohibition on certain securities and purchases -- Exception.
- 32.32.900 - Severability -- 1981 c 85.
- 32.34 - Merger, consolidation, conversion, etc.
- 32.34.010 - Conversion of domestic savings bank -- Rights, powers, etc., of successor institution.
- 32.34.020 - Conversion of federal savings bank, national bank, or state commercial bank to domestic savings bank.
- 32.34.025 - Conversion of stock savings bank to savings bank without capital stock.
- 32.34.030 - Savings banks converted to stock form -- Voluntary liquidation, transfer of assets, merger, consolidation, etc. -- Approval of directors and shareholders.
- 32.34.040 - Savings bank holding companies -- Savings bank subsidiaries.
- 32.34.050 - Business trusts for the benefit of depositors.
- 32.34.060 - Voluntary liquidation, conversion, acquisition, merger, and consolidation -- Right of dissenting shareholder to receive value of shares -- Determination.
- 32.35 - Stock savings banks.
- 32.40 - Community credit needs.
- 32.50 - Supervisory direction by the director of financial institutions.
- 32.98 - Construction.
- RCW Dispositions
- Notes