Revised Code of Washington (RCW) (Last Updated: August 9, 2016) |
Title 30B. WASHINGTON TRUST INSTITUTIONS ACT |
Chapter 30B.53. State trust companies—Merger, consolidation, and conversion. |
Section 30B.53.070. Valuation of assets—Books of merging trust company.
Latest version.
- Without approval by the director, no asset shall be carried on the books of the resulting trust company at a valuation higher than that on the books of the merging trust company at the time of its last examination by a state trust examiner before the effective date of the merger or conversion.