Revised Code of Washington (RCW) (Last Updated: August 9, 2016) |
Title 30A. WASHINGTON COMMERCIAL BANK ACT |
Chapter 30A.36. Capital notes or debentures. |
Section 30A.36.010. Definitions.
Latest version.
- Capital notes or debentures, where used in this chapter, shall mean notes or other obligations issued by a bank or mutual savings bank, for money obtained and used as additional capital or to replace impaired capital stock: PROVIDED, Such notes or other obligations are subordinate to the rights of depositors and other creditors.The term "capital" where used in this chapter shall mean capital stock and/or capital notes.[ 2014 c 37 § 204; 1955 c 33 § 30.36.010. Prior: 1935 c 42 § 1; RRS § 3295-1. Formerly RCW 30.36.010.]