Wash. Rev. Code § 30A.04.400
Bank acquisition or control—Definitions
Washington · Revised Code of Washington Chapter 30A.04 — General Provisions · Status: effective
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- Wash. Rev. Code § 30A.04.400, Bank acquisition or control—Definitions, Washington, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1503391
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As used in RCW 30A.04.400 through 30A.04.410, the following words shall have the following meanings:
(1) "Control" means directly or indirectly alone or in concert with others to own, control, or hold the power to vote twenty-five percent or more of the outstanding stock or voting power of the "controlled" entity;
(2) "Acquiring party" means the person acquiring control of a bank through the purchase of stock; and(3) "Person" means any individual, corporation, partnership, association, business trust, or other organization.