reglab/housing_qa huggingface dataset:
WA Rev Code § 32.08.160 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.08 - Organization and Powers.|32.08.160 - Writing of fire insurance restricted.

RCW 32.08.160 Writing of fire insurance restricted.When a savings bank is itself acting as an insurance agent, a trustee, officer, or employee of the bank shall not act as an insurance agent to write fire insurance on property in which the bank has an insurable interest, and no part of a room used by a savings bank in the transaction of its business shall be occupied or used by any person other than the bank in the writing of fire insurance.[ 1955 c 13 § 32.08.160. Prior: 1925 ex.s. c 86 § 7; RRS § 3342a.]
WA Rev Code § 32.08.170 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.08 - Organization and Powers.|32.08.170 - Effect of failure to organize or commence business.

RCW 32.08.170 Effect of failure to organize or commence business.See RCW 30A.08.070.
WA Rev Code § 32.08.180 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.08 - Organization and Powers.|32.08.180 - Extension of existence.

RCW 32.08.180 Extension of existence.See RCW 30A.08.080.
WA Rev Code § 32.08.190 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.08 - Organization and Powers.|32.08.190 - May borrow from home loan bank.

RCW 32.08.190 May borrow from home loan bank.See RCW 30A.32.030.
WA Rev Code § 32.08.215 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.08 - Organization and Powers.|32.08.215 - Power to act as trustee for common trust funds under multiple trust agreements—Conditions.

RCW 32.08.215 Power to act as trustee for common trust funds under multiple trust agreements—Conditions.No mutual savings bank or wholly owned subsidiary thereof shall act as trustee for common trust funds established for the benefit of more than one beneficiary under more than one trust agreement, unless the savings bank or subsidiary trust company shall first give written notice to the director, at least sixty days prior to the creation of any such fund.[ 1994 c 92 § 321; 1985 c 56 § 4.]
WA Rev Code § 32.08.220 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.08 - Organization and Powers.|32.08.220 - Findings—Purpose.

RCW 32.08.220 Findings—Purpose.The legislature finds that [the] state of Washington needs investment of funds from out of state and from investors in the state of Washington to keep money for real estate and other forms of financing reasonably available for the needs of Washington citizens. Many innovations have taken place in the last several years to aid in the sale of loans or portions thereof to others including the sale of mortgage pass-through certificates, mortgage backed bonds, participation sales with varying rates, terms or priorities to various participants and the like. As the marketing of such investments continues, further innovations can be expected. It will benefit the state if mutual savings banks subject to the laws of this state have the broadest powers possible commensurate with their safety and soundness to take part in such activities. It is the purpose of RCW 32.08.225 and 32.08.230 to grant a broad power.[ 1981 c 86 § 11.]NOTES:Severability—1981 c 86: See note following RCW 32.08.140.
WA Rev Code § 32.08.225 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.08 - Organization and Powers.|32.08.225 - Sale, purchase, etc., of interest rate exchange agreements, loans, or interests therein.

RCW 32.08.225 Sale, purchase, etc., of interest rate exchange agreements, loans, or interests therein.Any mutual savings bank may through any device sell, purchase, exchange, issue evidence of a sale or exchange of, or in any manner deal in any form of sale or exchange of interest rate exchange agreements, loans, or any interest therein including but not being limited to mortgage pass-through issues, mortgage backed bond issues, and loan participations and may purchase a subordinated portion thereof, issue letters of credit to insure against losses on a portion thereof, agree to repurchase all or a portion thereof, guarantee all or a portion of the payments thereof, and without any implied limitation by the foregoing or otherwise, do any and all things necessary or convenient to take part in or effectuate any such sales or exchanges by a mutual savings bank itself or by a subsidiary thereof.[ 1985 c 56 § 5; 1981 c 86 § 12.]NOTES:Severability—1981 c 86: See note following RCW 32.08.140.
WA Rev Code § 32.08.230 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.08 - Organization and Powers.|32.08.230 - Restrictions and requirements by director.

RCW 32.08.230 Restrictions and requirements by director.Any mutual savings bank engaging in any activity contemplated in RCW 32.08.225, whereby it holds or purchases subordinated securities, issues letters of credit to secure a portion of any sale or issue of loans sold or exchanged, or in any manner acts as a partial guarantor or insurer or repurchaser of any loans sold or exchanged, shall do so only in accordance with such reasonable restrictions and requirements as the director shall require and shall report and carry such transactions on its books and records in such manner as the director shall require. In establishing any requirements and restrictions hereunder, the director shall consider the effect the transaction and the reporting thereof will have on the safety and soundness of the mutual savings bank engaging in it.[ 1994 c 92 § 322; 1981 c 86 § 13.]NOTES:Severability—1981 c 86: See note following RCW 32.08.140.
WA Rev Code § 32.12.010 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.12 - Deposits—Earnings—Dividends—Interest.|32.12.010 - Deposits by individuals governed by chapter 30.22 RCW—Other deposits which a savings bank may establish—Limitations.

RCW 32.12.010 Deposits by individuals governed by chapter 30.22 RCW—Other deposits which a savings bank may establish—Limitations.Deposits made by individuals in a mutual savings bank under this chapter are governed by *chapter 30.22 RCW. In addition, other deposits which a savings bank may establish include but are not limited to the following:(1) Deposits in the name of, or on behalf of, a partnership or other form of multiple ownership enterprise.(2) Deposits in the name of a corporation, society, or unincorporated association.(3) Deposits maintained by a person, society, or corporation as administrator, executor, guardian, or trustee under a will or trust agreement.Every such bank may limit the aggregate amount which an individual or any corporation or society may have to his or her or its credit to such sum as such bank may deem expedient to receive; and may in its discretion refuse to receive a deposit, or may at any time return all or any part of any deposits or require the withdrawal of any dividends or interest. Any account in excess of one hundred thousand dollars may only be accepted or held in accordance with such regulations as the director may establish.[ 1994 c 92 § 323; 1981 c 192 § 27; 1967 c 145 § 1; 1961 c 80 § 1; 1959 c 41 § 2; 1957 c 80 § 4; 1955 c 13 § 32.12.010. Prior: 1953 c 238 § 1; 1949 c 119 § 4; 1941 c 15 § 2; 1929 c 123 § 1; 1927 c 184 § 5; 1921 c 156 § 2; 1919 c 200 § 2; 1915 c 175 § 17; Rem. Supp. 1949 § 3346.]NOTES:*Reviser's note: Chapter 30.22 RCW was recodified as chapter 30A.22 RCW pursuant to 2014 c 37 § 4, effective January 5, 2015.Effective date—1981 c 192: See RCW 30A.22.900.
WA Rev Code § 32.12.020 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.12 - Deposits—Earnings—Dividends—Interest.|32.12.020 - Repayment of deposits and dividends.

RCW 32.12.020 Repayment of deposits and dividends.The sums deposited with any savings bank, together with any dividends or interest credited thereto, shall be repaid to the depositors thereof respectively, or to their legal representatives, after demand in such manner, and at such times, and under such regulations, as the board of trustees shall prescribe, subject to the provisions of this section and *chapter 30.22 RCW. These regulations shall be available to depositors upon request, and shall be posted in a conspicuous place in the principal office and each branch in this state or, if the regulations are not so posted, a description of changes in the regulations after an account is opened shall be mailed to depositors pursuant to 12 U.S.C. Sec. 4305(c) or otherwise. All such rules and regulations, and all amendments thereto, from time to time in effect, shall be binding upon all depositors.(1) Such bank may at any time by a resolution of its board of trustees require a notice of not more than six months before repaying deposits, in which event no deposit shall be due or payable until the required notice of intention to withdraw the same shall have been personally given by the depositor: PROVIDED, That such bank at its option may pay any deposit or deposits before the expiration of such notice. But no bank shall agree with its depositors or any of them in advance to waive the requirement of notice as herein provided: PROVIDED, That the bank may create a special class of depositors who shall be entitled to receive their deposits upon demand.(2) The savings bank may pay dividend or interest, or repay a deposit or portion thereof, upon receipt of information in written, oral, visual, electronic, or other form satisfactory to such bank, that the recipient is entitled to receipt, and may pay any check drawn upon it by a depositor.[ 1999 c 14 § 20; 1996 c 2 § 27; 1994 c 92 § 324; 1985 c 56 § 6; 1983 c 3 § 53; 1981 c 192 § 28; 1974 ex.s. c 117 § 40; 1969 c 55 § 2; 1967 c 145 § 2; 1963 c 176 § 3; 1961 c 80 § 2; 1959 c 41 § 3; 1955 c 13 § 32.12.020. Prior: 1945 c 228 § 6; 1921 c 156 § 3; 1915 c 175 § 18; Rem. Supp. 1945 § 3347.]NOTES:*Reviser's note: Chapter 30.22 RCW was recodified as chapter 30A.22 RCW pursuant to 2014 c 37 § 4, effective January 5, 2015.Effective date—1981 c 192: See RCW 30A.22.900.Application, construction—Severability—Effective date—1974 ex.s. c 117: See RCW 11.02.080 and notes following.
WA Rev Code § 32.12.025 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.12 - Deposits—Earnings—Dividends—Interest.|32.12.025 - Withdrawals by savings bank's drafts in accordance with depositor's instructions authorized.

RCW 32.12.025 Withdrawals by savings bank's drafts in accordance with depositor's instructions authorized.Subject to the provisions of RCW 32.12.020(1), a savings bank may, on instructions from a depositor, effect withdrawals from a savings account by the savings bank's drafts payable to parties and on terms as so instructed; to the extent of the subjection of accounts to such withdrawal instruction, such accounts may be specifically classified under RCW 32.12.090(2) and ineligible to receive interest or eligible only for limited interest.[ 1967 c 145 § 3.]
WA Rev Code § 32.12.070 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.12 - Deposits—Earnings—Dividends—Interest.|32.12.070 - Computation of earnings.

RCW 32.12.070 Computation of earnings.(1) Gross current operating earnings. Every savings bank shall close its books, for the purpose of computing its net earnings, at the end of any period for which a dividend is to be paid, and in no event less frequently than semiannually. To determine the amount of gross earnings of a savings bank during any dividend period the following items may be included:(a) All earnings actually received during such period, less interest accrued and uncollected included in the last previous calculation of earnings;(b) Interest accrued and uncollected upon debts owing to it secured by authorized collateral, upon which there has been no default for more than one year, and upon corporate bonds, or other interest bearing obligations owned by it upon which there is no default;(c) The sums added to the cost of securities purchased for less than par as a result of amortization;(d) Any profits actually received during such period from the sale of securities, real estate or other property owned by it;(e) Such other items as the director, in his or her discretion and upon his or her written consent, may permit to be included.(2) Net current earnings. To determine the amount of its net earnings for each dividend period the following items shall be deducted from gross earnings:(a) All expenses paid or incurred, both ordinary and extraordinary, in the transaction of its business, the collection of its debts and the management of its affairs, less expenses incurred and interest accrued upon its debts deducted at the last previous calculation of net earnings for dividend purposes;(b) Interest paid or accrued and unpaid upon debts owing by it;(c) The amounts deducted through amortization from the cost of bonds or other interest bearing obligations purchased above par in order to bring them to par at maturity;(d) Contributions to any corporation or any community chest fund or foundation organized and operated exclusively for religious, charitable, scientific, literary or educational purposes, no part of the net earnings of which inures to the benefit of any private shareholder or individual and no substantial part of the activities of which is carrying on propaganda or otherwise attempting to influence legislation. The total contributions for any calendar year shall not exceed a sum equal to one-half of one percent of the net earnings of such savings bank for the preceding calendar year.The balance thus obtained shall constitute the net earnings of the savings bank for such period.(3) Earnings paid by a savings bank on deposits may be referred to as "dividends" or as "interest".[ 1994 c 92 § 327; 1955 c 80 § 3; 1955 c 13 § 32.12.070. Prior: 1953 c 238 § 2; 1941 c 15 § 3; 1915 c 175 § 23; Rem. Supp. 1941 § 3352.]
WA Rev Code § 32.12.080 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.12 - Deposits—Earnings—Dividends—Interest.|32.12.080 - Misleading advertisement of surplus or guaranty fund.

RCW 32.12.080 Misleading advertisement of surplus or guaranty fund.No savings bank shall put forth any sign or notice or publish or circulate any advertisement or advertising literature upon which or in which it is stated that such savings bank has a surplus or guaranty fund other than as determined in the manner prescribed by law.[ 1955 c 13 § 32.12.080. Prior: 1929 c 123 § 5; 1915 c 175 § 27; RRS § 3356.]
WA Rev Code § 32.12.090 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.12 - Deposits—Earnings—Dividends—Interest.|32.12.090 - Interest—Rate—Notice of changed rate.

RCW 32.12.090 Interest—Rate—Notice of changed rate.(1) Every savings bank shall regulate the rate of interest upon the amounts to the credit of depositors therewith, in such manner that depositors shall receive as nearly as may be all the earnings of the bank after transferring the amount required by RCW 32.08.120 and such further amounts as its trustees may deem it expedient and for the security of the depositors to transfer to the guaranty fund, which to the amount of ten percent of the amount due its depositors the trustees shall gradually accumulate and hold. Such trustees may also deduct from its net earnings, and carry as reserves for losses, or other contingencies, or as undivided profits, such additional sums as they may deem wise.(2) Every savings bank may classify its depositors according to the local market, character, amount, regularity, or duration of their dealings with the savings bank, and may regulate the interest in such manner that each depositor shall receive the same ratable portion of interest as all others of his or her class.(3) Unimpaired contributions to the initial guaranty fund and to the expense fund, made by the incorporators or trustees of a savings bank, shall be entitled to have dividends apportioned thereon, which may be credited and paid to such incorporators or trustees.Whenever the guaranty fund of any savings bank is sufficiently large to permit the return of such contributions, the contributors may receive interest thereon not theretofore credited or paid at the same rate paid to depositors.(4) A savings bank may pay interest on deposits at such rates as its board or a committee or officer designated by the board shall from time to time determine.(5) The trustees of any savings banks, other than a stock savings bank, whose undivided profits and guaranty fund, determined in the manner prescribed in RCW 32.12.070, amount to more than twenty-five percent of the amount due its depositors, shall at least once in three years divide equitably the accumulation beyond such twenty-five percent as an extra dividend to depositors in excess of the regular dividend authorized.(6) A notice posted conspicuously in a savings bank of a change in the rate of interest shall be equivalent to a personal notice.[ 1999 c 14 § 21; 1994 c 256 § 101; 1983 c 44 § 2; 1977 ex.s. c 104 § 2; 1969 c 55 § 3; 1961 c 80 § 3; 1957 c 80 § 5; 1955 c 13 § 32.12.090. Prior: 1953 c 238 § 3; 1921 c 156 § 4; 1919 c 200 § 3; 1915 c 175 § 25; RRS § 3354.]NOTES:Findings—Construction—1994 c 256: See RCW 43.320.007.
WA Rev Code § 32.12.120 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.12 - Deposits—Earnings—Dividends—Interest.|32.12.120 - Adverse claim to a deposit to be accompanied by court order or bond—Exceptions.

RCW 32.12.120 Adverse claim to a deposit to be accompanied by court order or bond—Exceptions.Notice to any mutual savings bank doing business in this state of an adverse claim to a deposit standing on its books to the credit of any person shall not be effectual to cause said bank to recognize said adverse claimant unless said adverse claimant shall also either procure a restraining order, injunction, or other appropriate process against said bank from a court of competent jurisdiction in a cause therein instituted by him or her wherein the person to whose credit the deposit stands is made a party and served with summons or shall execute to said bank, in form and with sureties acceptable to it, a bond, in an amount which is double either the amount of said deposit or said adverse claim, whichever is the lesser, indemnifying said bank from any and all liability, loss, damage, costs, and expenses, for and on account of the payment of such adverse claim or the dishonor of the check or other order of the person to whose credit the deposit stands on the books of said bank: PROVIDED, That this law shall not apply in any instance where the person to whose credit the deposit stands is a fiduciary for such adverse claimant, and the facts constituting such relationship as also the facts showing reasonable cause of belief on the part of said claimant that the said fiduciary is about to misappropriate said deposit, are made to appear by the affidavit of such claimant.This section shall not apply to accounts subject to *chapter 30.22 RCW.[ 2011 c 336 § 751; 1981 c 192 § 31; 1963 c 176 § 13. Cf. 1961 c 280 § 4; RCW 30.20.090.]NOTES:*Reviser's note: Chapter 30.22 RCW was recodified as chapter 30A.22 RCW pursuant to 2014 c 37 § 4, effective January 5, 2015.Effective date—1981 c 192: See RCW 30A.22.900.
WA Rev Code § 32.16.010 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.16 - Officers and Employees.|32.16.010 - Board of trustees—Number—Qualifications.

RCW 32.16.010 Board of trustees—Number—Qualifications.(1) There shall be a board of trustees who shall have the entire management and control of the affairs of the savings bank. The persons named in the certificate of authorization shall be the first trustees. The board shall consist of not less than nine nor more than thirty members.(2) A person shall not be a trustee of a savings bank, if he or she:(a) Is not a resident of a state of the United States;(b) Has been adjudicated a bankrupt or has taken the benefit of any insolvency law, or has made a general assignment for the benefit of creditors;(c) Has suffered a judgment recovered against him or her for a sum of money to remain unsatisfied of record or unsecured on appeal for a period of more than three months;(d) Is a trustee, officer, clerk, or other employee of any other savings bank.(3) Nor shall a person be a trustee of a savings bank solely by reason of his or her holding public office.[ 2011 c 336 § 752; 1985 c 56 § 8; 1955 c 13 § 32.16.010. Prior: 1915 c 175 § 28; RRS § 3357.]
WA Rev Code § 32.16.012 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.16 - Officers and Employees.|32.16.012 - Age requirements.

RCW 32.16.012 Age requirements.The bylaws of a savings bank may prescribe a maximum age beyond which no person shall be eligible for election to the board of trustees and may prescribe a mandatory retirement age of seventy-five years or less for trustees subject to the following limitations:(1) No person shall be eligible for initial election as a trustee after December 31, 1969, who is seventy years of age or more; and(2) No person shall continue to serve as a trustee after December 31, 1973, who is seventy-five years of age or more and the office of any such trustee shall become vacant on the last day of the month in which the trustee reaches his or her seventy-fifth birthday or December 31, 1973, whichever is the latest.If a savings bank does not adopt a bylaw prescribing a mandatory retirement age for trustees prior to January 1, 1970, or does not maintain thereafter a bylaw prescribing a mandatory retirement age, the office of a trustee of such savings bank shall become vacant on the last day of the month in which such trustee reaches his or her seventieth birthday or on December 31, 1969, whichever is the latest.[ 2011 c 336 § 753; 1969 c 55 § 14.]
WA Rev Code § 32.16.020 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.16 - Officers and Employees.|32.16.020 - Oath of trustees—Declaration of incumbency—Not applicable to directors of stock savings banks.

RCW 32.16.020 Oath of trustees—Declaration of incumbency—Not applicable to directors of stock savings banks.(1) Each trustee, whether named in the certificate of authorization or elected to fill a vacancy, shall, when such certificate of authorization has been issued, or when notified of such election, take an oath that he or she will, so far as it devolves on him or her, diligently and honestly administer the affairs of the savings bank, and will not knowingly violate, or willingly permit to be violated, any of the provisions of law applicable to such savings bank. Such oath shall be subscribed by the trustee making it and certified by the officer before whom it is taken, and shall be immediately transmitted to the director and filed and preserved in his or her office.(2) Prior to the first day of March in each year, every trustee of every savings bank shall subscribe a declaration to the effect that he or she is, at the date thereof, a trustee of the savings bank, and that he or she has not resigned, become ineligible, or in any other manner vacated his or her office as such trustee. Such declaration shall be acknowledged in like manner as a deed to be entitled to record and shall be transmitted to the director and filed in his or her office prior to the tenth day of March in each year.(3) This section does not apply to the directors of stock savings banks.[ 1994 c 256 § 102; 1994 c 92 § 328; 1955 c 13 § 32.16.020. Prior: 1915 c 175 § 29; RRS § 3358.]NOTES:Reviser's note: This section was amended by 1994 c 92 § 328 and by 1994 c 256 § 102, 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.