Revised Code of Washington (RCW) (Last Updated: August 9, 2016) |
Title 32. WASHINGTON SAVINGS BANK ACT |
Chapter 32.20. Investments. |
Section 32.20.415. Limitation on certain secured and unsecured loans.
Latest version.
- In addition to all other investments and loans authorized for mutual savings banks in this state, a mutual savings bank may invest not more than twenty percent of its funds in secured or unsecured loans on such terms and conditions as the bank may determine.NOTES:Severability—1981 c 86: See note following RCW 32.08.140.