Revised Code of Washington (RCW) (Last Updated: August 9, 2016) |
Title 30A. WASHINGTON COMMERCIAL BANK ACT |
Chapter 30A.04. General provisions. |
Section 30A.04.400. Bank acquisition or control—Definitions.
Latest version.
- 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.