reglab/housing_qa huggingface dataset:
WA Rev Code § 30A.04.505 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.04 - General Provisions.|30A.04.505 - Fairness in lending act—Definitions.

RCW 30A.04.505 Fairness in lending act—Definitions.As used in RCW 30A.04.505 through 30A.04.515:(1) "Financial institution" means any bank, savings bank, credit union, mortgage company, or savings and loan association which operates or has a place of business in this state whether regulated by the state or federal government.(2) "Particular type of loan" refers to a class of loans which is substantially similar with respect to the following:(a) FHA, VA, or conventional loans;(b) Uniform or nonuniform payment;(c) Uniform or nonuniform rate of interest;(d) Purpose; and(e) The location of the real estate offered as security for the loan as being inside or outside of that financial institution's lending area.(3) "Varying the terms of a loan" includes, but is not limited to the following practices:(a) Requiring a greater down payment than is usual for the particular type of a loan involved;(b) Requiring a shorter period of amortization than is usual for the particular type of loan involved;(c) Charging a higher interest rate than is usual for the particular type of loan involved;(d) A deliberate underappraisal of the value of the property offered as security.[ 2014 c 37 § 143; 1977 ex.s. c 301 § 11. Formerly RCW 30.04.505.]
WA Rev Code § 30A.04.510 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.04 - General Provisions.|30A.04.510 - Fairness in lending act—Unlawful practices.

RCW 30A.04.510 Fairness in lending act—Unlawful practices.Subject to RCW 30A.04.515, it shall be unlawful for any financial institution, in processing any application for a loan to be secured by a single-family residence to:(1) Deny or vary the terms of a loan on the basis that a specific parcel of real estate offered as security is located in a specific geographical area, unless building, remodeling, or continued habitation in such specific geographical area is prohibited or restricted by any local, state, or federal law or rules or regulations promulgated thereunder.(2) Utilize lending standards that have no economic basis.[ 2014 c 37 § 144; 1977 ex.s. c 301 § 12. Formerly RCW 30.04.510.]
WA Rev Code § 30A.04.515 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.04 - General Provisions.|30A.04.515 - Fairness in lending act—Sound underwriting practices not precluded.

RCW 30A.04.515 Fairness in lending act—Sound underwriting practices not precluded.Nothing contained in RCW 30A.04.505 through [and] 30A.04.510 shall preclude a financial institution from considering sound underwriting practices in processing any application for a loan to any person. Such practices shall include the following:(1) The willingness and the financial ability of the borrower to repay the loan.(2) The market value of any real estate and of any other item of property proposed as security for any loan.(3) Diversification of the financial institution's investment portfolio.[ 2014 c 37 § 145; 1977 ex.s. c 301 § 13. Formerly RCW 30.04.515.]
WA Rev Code § 30A.04.550 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.04 - General Provisions.|30A.04.550 - Reorganization as subsidiary of bank holding company—Authority.

RCW 30A.04.550 Reorganization as subsidiary of bank holding company—Authority.A state banking corporation may, with the approval of the director and the affirmative vote of the shareholders of such corporation owning at least two-thirds of each class of shares entitled to vote under the terms of such shares, be reorganized to become a subsidiary of a bank holding company or a company that will, upon consummation of such reorganization, become a bank holding company, as defined in the federal bank holding company act of 1956, as amended.[ 1994 c 92 § 36; 1986 c 279 § 40; 1982 c 196 § 1. Formerly RCW 30.04.550.]NOTES:Severability—1982 c 196: "If any provision of this act or its application to any person or circumstance is held invalid, the remainder of the act or the application of the provision to other persons or circumstances is not affected." [ 1982 c 196 § 11.]
WA Rev Code § 30A.04.555 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.04 - General Provisions.|30A.04.555 - Reorganization as subsidiary of bank holding company—Procedure.

RCW 30A.04.555 Reorganization as subsidiary of bank holding company—Procedure.A reorganization authorized under RCW 30A.04.550 shall be carried out in the following manner:(1) A plan of reorganization specifying the manner in which the reorganization shall be carried out must be approved by a majority of the entire board of directors of the banking corporation. The plan shall specify the name of the acquiring corporation, the amount of cash, securities of the bank holding company, other consideration, or any combination thereof to be paid to the shareholders of the reorganizing corporation in exchange for their shares of the stock of the corporation. The plan shall also specify the exchange date or the manner in which such exchange date shall be determined, the manner in which the exchange shall be carried out, and such other matters, not inconsistent with this chapter, as shall be determined by the board of directors of the corporation.(2) The plan of reorganization shall be submitted to the shareholders of the reorganizing corporation at a meeting to be held on the call of the directors. Notice of the meeting of shareholders at which the plan shall be considered shall be given by prepaid first-class mail at least twenty days before the date of the meeting, to each stockholder of record of the banking corporation. The notice shall state that dissenting shareholders will be entitled to payment of the value of only those shares which are voted against approval of the plan.[ 2014 c 37 § 146; 1994 c 256 § 38; 1986 c 279 § 41; 1982 c 196 § 2. Formerly RCW 30.04.555.]NOTES:Findings—Construction—1994 c 256: See RCW 43.320.007.Severability—1982 c 196: See note following RCW 30A.04.550.
WA Rev Code § 30A.04.560 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.04 - General Provisions.|30A.04.560 - Reorganization as subsidiary of bank holding company—Dissenter's rights—Conditions.

RCW 30A.04.560 Reorganization as subsidiary of bank holding company—Dissenter's rights—Conditions.If the shareholders approve the reorganization by a two-thirds vote of each class of shares entitled to vote under the terms of such shares, and if it is thereafter approved by the director and consummated, any shareholder of the banking corporation who has voted shares against such reorganization at such meeting or has given notice in writing at or prior to such meeting to the banking corporation that he or she dissents from the plan of reorganization and has not voted in favor of the reorganization, shall be entitled to receive the value of the shares determined as provided in RCW 30A.04.565. Such dissenter's rights must be exercised by making written demand which shall be delivered to the corporation at any time within thirty days after the date of shareholder approval, accompanied by the surrender of the appropriate stock certificates.[ 2014 c 37 § 147; 1994 c 92 § 37; 1986 c 279 § 42; 1982 c 196 § 3. Formerly RCW 30.04.560.]NOTES:Severability—1982 c 196: See note following RCW 30A.04.550.
WA Rev Code § 30A.04.565 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.04 - General Provisions.|30A.04.565 - Reorganization as subsidiary of bank holding company—Valuation of shares of dissenting shareholders.

RCW 30A.04.565 Reorganization as subsidiary of bank holding company—Valuation of shares of dissenting shareholders.The value of the shares of a dissenting shareholder who has properly perfected dissenter's rights shall be ascertained as of the day prior to the date of the shareholder action approving such reorganization by three appraisers, one to be selected by the owners of two-thirds of the dissenting shares, one by the board of directors of the acquiring bank holding company, and the third by the two so chosen. The valuation agreed upon by any two appraisers shall govern. The dissenting shareholders shall bear, on a pro rata basis based on the number of dissenting shares owned, the cost of their appraisal and one-half of the cost of the third appraisal, and the acquiring bank holding company shall bear the cost of its appraisal and one-half of the cost of the third appraisal. If the appraisal is not completed within ninety days after the effective date of the reorganization, the director shall cause an appraisal to be made which shall be final and binding upon all parties. The cost of such appraisal shall be borne equally by the dissenting shareholders and the acquiring bank holding company. The dissenting shareholders shall share their half of the cost on a pro rata basis based on the number of dissenting shares owned.[ 1994 c 256 § 39; 1994 c 92 § 38; 1982 c 196 § 4. Formerly RCW 30.04.565.]NOTES:Reviser's note: This section was amended by 1994 c 92 § 38 and by 1994 c 256 § 39, each without reference to the other. Both amendments are incorporated in the publication of this section pursuant to RCW 1.12.025(2). For rule of construction, see RCW 1.12.025(1).Findings—Construction—1994 c 256: See RCW 43.320.007.Severability—1982 c 196: See note following RCW 30A.04.550.
WA Rev Code § 30A.04.570 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.04 - General Provisions.|30A.04.570 - Reorganization as subsidiary of bank holding company—Approval of director—Certificate of reorganization—Exchange of shares.

RCW 30A.04.570 Reorganization as subsidiary of bank holding company—Approval of director—Certificate of reorganization—Exchange of shares.The reorganization and exchange authorized by RCW 30A.04.550 through 30A.04.570 shall become effective as follows:(1) If the board of directors and shareholders of the state banking corporation and the board of directors of the acquiring corporation approve the plan of reorganization, then both corporations shall apply for the approval of the director, providing such information as the director by rule may prescribe.(2) If the director approves the reorganization, the director shall issue a certificate of reorganization to the state banking corporation.(3) Upon the issuance of a certificate of reorganization by the director, or on such later date as shall be provided for in the plan of reorganization, the shares of the state banking corporation shall be deemed to be exchanged in accordance with the plan of reorganization, subject to the rights of dissenters under RCW 30A.04.560 and 30A.04.565.[ 2014 c 37 § 148; 1994 c 92 § 39; 1982 c 196 § 5. Formerly RCW 30.04.570.]NOTES:Severability—1982 c 196: See note following RCW 30A.04.550.
WA Rev Code § 30A.04.575 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.04 - General Provisions.|30A.04.575 - Public hearing prior to approval of reorganization—Request.

RCW 30A.04.575 Public hearing prior to approval of reorganization—Request.Prior to the approval of the reorganization, the director, upon request of the board of directors of the bank, or not less than ten percent of its shareholders, shall hold a public hearing at which bank shareholders and other interested parties may appear. Notice of the public hearing shall be sent to each shareholder by prepaid first-class mail.The approval of the reorganization by the director shall be conditioned on a finding that the terms of the reorganization are fair to the shareholders and other interested parties.[ 1994 c 256 § 40; 1994 c 92 § 40; 1986 c 279 § 44. Formerly RCW 30.04.575.]NOTES:Reviser's note: This section was amended by 1994 c 92 § 40 and by 1994 c 256 § 40, each without reference to the other. Both amendments are incorporated in the publication of this section pursuant to RCW 1.12.025(2). For rule of construction, see RCW 1.12.025(1).Findings—Construction—1994 c 256: See RCW 43.320.007.
WA Rev Code § 30A.04.600 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.04 - General Provisions.|30A.04.600 - Shareholders—Actions authorized without meetings—Written consent.

RCW 30A.04.600 Shareholders—Actions authorized without meetings—Written consent.Any action required by this title to be taken at a meeting of the shareholders of a corporation, or any action that may be taken at a meeting of the shareholders, may be taken without a meeting if a consent in writing, setting forth the action so taken, is signed by all of the shareholders entitled to vote with respect to the subject matter thereof.The consent shall have the same force and effect as a unanimous vote of shareholders and may be stated as such in any articles or documents filed under this title.[ 1986 c 279 § 46. Formerly RCW 30.04.600.]
WA Rev Code § 30A.04.605 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.04 - General Provisions.|30A.04.605 - Directors, committees—Actions authorized without meetings—Written consent.

RCW 30A.04.605 Directors, committees—Actions authorized without meetings—Written consent.Unless otherwise provided by the articles of incorporation or bylaws, any action required by this title to be taken at a meeting of the directors of a bank or trust company, or any action which may be taken at any meeting of the directors or of a committee, may be taken without a meeting if a consent in writing, setting forth the action so taken, shall be signed by all of the directors, or all of the members of the committee, as the case may be. Such consent shall have the same effect as a unanimous vote.[ 1986 c 279 § 47. Formerly RCW 30.04.605.]
WA Rev Code § 30A.04.610 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.04 - General Provisions.|30A.04.610 - Directors, committees—Meetings authorized by conference telephone or similar communications equipment.

RCW 30A.04.610 Directors, committees—Meetings authorized by conference telephone or similar communications equipment.Except as may be otherwise restricted by the articles of incorporation or bylaws, members of the board of directors or any committee designated by the board of directors may participate in a meeting of the board or committee by means of a conference telephone or similar communications equipment by means of which all persons participating in the meeting can hear each other at the same time. Participation by such means shall constitute presence, in person, at a meeting.[ 1986 c 279 § 48. Formerly RCW 30.04.610.]
WA Rev Code § 30A.04.650 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.04 - General Provisions.|30A.04.650 - Automated teller machines and night depositories security.

RCW 30A.04.650 Automated teller machines and night depositories security.Chapter 19.174 RCW applies to automated teller machines and night depositories regulated under this title.[ 1993 c 324 § 10. Formerly RCW 30.04.650.]NOTES:Effective date—1993 c 324: See RCW 19.174.900.
WA Rev Code § 30A.04.902 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.04 - General Provisions.|30A.04.902 - Effective date—2014 c 37.

RCW 30A.04.902 Effective date—2014 c 37.This act takes effect January 5, 2015. The director of financial institutions may immediately take such steps as are necessary to ensure that this act is implemented on its effective date.[ 2014 c 37 § 5.]
WA Rev Code § 30A.08.010 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.08 - Organization and Powers.|30A.08.010 - Incorporators—Paid-in capital stock, surplus, and undivided profits—Requirements.

RCW 30A.08.010 Incorporators—Paid-in capital stock, surplus, and undivided profits—Requirements.When authorized by the director, as hereinafter provided, one or more natural persons, citizens of the United States, may incorporate a bank in the manner herein prescribed. No bank shall incorporate for less amount nor commence business unless it has a paid-in capital stock, surplus and undivided profits in the amount as may be determined by the director after consideration of the proposed location, management, and the population and economic characteristics for the area, the nature of the proposed activities and operation of the bank, and other factors deemed pertinent by the director. Each bank shall before commencing business have subscribed and paid into it in the same manner as is required for capital stock, an amount equal to at least ten percent of the capital stock above required, that shall be carried in the undivided profit account and may be used to defray organization and operating expenses of the company. Any sum not so used shall be transferred to the surplus fund of the company before any dividend shall be declared to the stockholders.[ 2014 c 37 § 150. Prior: 1994 c 256 § 41; 1994 c 92 § 42; 1986 c 279 § 17; 1973 1st ex.s. c 104 § 3; 1969 c 136 § 3; 1955 c 33 § 30.08.010; prior: 1947 c 131 § 1; 1929 c 72 § 4; 1923 c 115 § 2; 1917 c 80 § 19; Rem. Supp. 1947 § 3226. Formerly RCW 30.08.010.]NOTES:Findings—Construction—1994 c 256: See RCW 43.320.007.
WA Rev Code § 30A.08.020 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.08 - Organization and Powers.|30A.08.020 - Notice of intention to organize—Proposed articles of incorporation—Contents.

RCW 30A.08.020 Notice of intention to organize—Proposed articles of incorporation—Contents.Persons desiring to incorporate a bank shall file with the director a notice of their intention to organize a bank in such form and containing such information as the director shall prescribe by rule, together with proposed articles of incorporation, which shall be submitted for examination to the director at his or her office.The proposed articles of incorporation shall state:(1) The name of such bank.(2) The city, village or locality and county where the head office of such corporation is to be located.(3) The nature of its business.(4) The amount of its capital stock, which shall be divided into shares of a par or no par value as may be provided in the articles of incorporation.(5) The names and places of residence and mailing addresses of the persons who as directors are to manage the corporation until the first annual meeting of its stockholders.(6) If there is to be preferred or special classes of stock, a statement of preferences, voting rights, if any, limitations and relative rights in respect of the shares of each class; or a statement that the shares of each class shall have the attributes as shall be determined by the bank's board of directors from time to time with the approval of the director.(7) Any provision granting the shareholders the preemptive right to acquire additional shares of the bank and any provision granting shareholders the right to cumulate their votes.(8) Any provision, not inconsistent with law, which the incorporators elect to set forth in the articles of incorporation for the regulation of the affairs of the corporation, including any provision restricting the transfer of shares, any provision which under this title is required or permitted to be set forth in the bylaws, and any provision permitted by RCW 23B.17.030.(9) Any provision the incorporators elect to so set forth, not inconsistent with law or the purposes for which the bank is organized, or any provision limiting any of the powers granted in this title.It shall not be necessary to set forth in the articles of incorporation any of the corporate powers granted in this title. The articles of incorporation shall be signed by all of the incorporators.[ 2014 c 37 § 151; 1999 c 14 § 11; 1995 c 134 § 3. Prior: 1994 c 256 § 42; 1994 c 92 § 43; 1986 c 279 § 18; 1981 c 73 § 1; 1973 1st ex.s. c 104 § 4; 1959 c 118 § 1; 1957 c 248 § 1; 1955 c 33 § 30.08.020; prior: (i) 1923 c 115 § 3; 1917 c 80 § 20; RRS § 3227. (ii) 1929 c 174 § 1; 1923 c 115 § 4; 1917 c 80 § 21; RRS § 3228. Formerly RCW 30.08.020.]NOTES:Findings—Construction—1994 c 256: See RCW 43.320.007.Effective date—1981 c 73: "This act is necessary for the immediate preservation of the public peace, health, and safety, the support of the state government and its existing public institutions, and shall take effect July 1, 1981." [ 1981 c 73 § 3.]
WA Rev Code § 30A.08.030 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.08 - Organization and Powers.|30A.08.030 - Investigation.

RCW 30A.08.030 Investigation.When the notice of intention to organize and proposed articles of incorporation complying with the foregoing requirements have been received by the director, together with the fees required by law, the director shall ascertain from the best source of information at his or her command and by such investigation as he or she may deem necessary, whether the character, responsibility and general fitness of the persons named in such articles are such as to command confidence and warrant belief that the business of the proposed bank will be honestly and efficiently conducted in accordance with the intent and purpose of this title, whether the resources in the neighborhood of such place and in the surrounding country afford a reasonable promise of adequate support for the proposed bank and whether the proposed bank is being formed for other than the legitimate objects covered by this title.[ 2014 c 37 § 153; 1994 c 92 § 44; 1973 1st ex.s. c 104 § 5; 1955 c 33 § 30.08.030. Prior: 1929 c 72 § 3, part; 1923 c 115 § 5, part; 1917 c 80 § 22, part; RRS § 3229, part. Formerly RCW 30.08.030.]
WA Rev Code § 30A.08.040 (2021)
2021 Revised Code of Washington|Title 30A - Washington Commercial Bank Act|Chapter 30A.08 - Organization and Powers.|30A.08.040 - Notice to file articles—Articles approved or refused—Hearing.

RCW 30A.08.040 Notice to file articles—Articles approved or refused—Hearing.After the director is satisfied of the above facts, and, within six months of the date the notice of intention to organize has been received in his or her office, the director shall notify the incorporators to file executed articles of incorporation with the director in triplicate. Unless the director otherwise consents in writing, such articles shall be in the same form and shall contain the same information as the proposed articles and shall be filed with the director within ten days of such notice. Within thirty days after the receipt of such articles of incorporation, the director shall endorse upon each of the triplicates thereof, over his or her official signature, the word "approved," or the word "refused," with the date of such endorsement. In case of refusal the director shall forthwith return one of the triplicates, so endorsed, together with a statement explaining the reason for refusal to the person from whom the articles were received, which refusal shall be conclusive, unless the incorporators, within ten days of the issuance of such notice of refusal, shall request a hearing pursuant to the Administrative Procedure Act, chapter 34.05 RCW, as now or hereafter amended.[ 1995 c 134 § 4. Prior: 1994 c 256 § 43; 1994 c 92 § 45; 1981 c 302 § 15; 1973 1st ex.s. c 104 § 6; 1955 c 33 § 30.08.040; prior: 1929 c 72 § 3, part; 1923 c 115 § 5, part; 1917 c 80 § 22, part; RRS § 3229, part. Formerly RCW 30.08.040.]NOTES:Findings—Construction—1994 c 256: See RCW 43.320.007.Severability—1981 c 302: See note following RCW 19.76.100.