Wash. Rev. Code § 32.08.230
Restrictions and requirements by director
Washington · Revised Code of Washington Chapter 32.08 — Organization and Powers · Status: effective
Cite this
- Citation
- Wash. Rev. Code § 32.08.230, Restrictions and requirements by director, Washington, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1504147
- Permanent ID
ys:prov:1504147@1- SHA-256
e91b36b614a34ada800cef260fb7915969c784f809d728b29b83d43ef10e2b8c
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Any mutual savings bank engaging in any activity contemplated in RCW 32.08.225, whereby it holds or purchases subordinated securities, issues letters of credit to secure a portion of any sale or issue of loans sold or exchanged, or in any manner acts as a partial guarantor or insurer or repurchaser of any loans sold or exchanged, shall do so only in accordance with such reasonable restrictions and requirements as the director shall require and shall report and carry such transactions on its books and records in such manner as the director shall require. In establishing any requirements and restrictions hereunder, the director shall consider the effect the transaction and the reporting thereof will have on the safety and soundness of the mutual savings bank engaging in it.