reglab/housing_qa huggingface dataset:
WA Rev Code § 32.08.060 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.08 - Organization and Powers.|32.08.060 - Procedure upon approval.

RCW 32.08.060 Procedure upon approval.In case of approval, the director shall forthwith give notice thereof to the proposed incorporators, and file one of the duplicate certificates in his or her own office, and shall transmit the other to the secretary of state. Upon receipt from the proposed incorporators of the same fees as are required for filing and recording other incorporation certificates, the secretary of state shall file the certificate and record the same. Upon the filing of said incorporation certificate in duplicate approved as aforesaid in the offices of the director and the secretary of state, the persons named therein and their successors shall thereupon become and be a corporation, which corporation shall have the powers and be subject to the duties and obligations prescribed in this title and its corporate existence shall be perpetual, unless sooner terminated pursuant to law, but such corporation shall not receive deposits or engage in business until authorized so to do by the director as provided in RCW 32.08.070.[ 1994 c 92 § 312; 1981 c 302 § 26; 1957 c 80 § 1; 1955 c 13 § 32.08.060. Prior: 1915 c 175 § 4, part; RRS § 3316, part.]NOTES:Severability—1981 c 302: See note following RCW 19.76.100.
WA Rev Code § 32.08.061 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.08 - Organization and Powers.|32.08.061 - Extension of period of existence—Procedure.

RCW 32.08.061 Extension of period of existence—Procedure.A mutual savings bank may amend its incorporation certificate to extend the period of its corporate existence for a further definite time or perpetually by a resolution adopted by a majority vote of its board of trustees. Duplicate copies of the resolution, subscribed and acknowledged by the president and secretary of such bank, shall be filed in the office of the director within thirty days after its adoption. If the director finds that the resolution conforms to law he or she shall, within sixty days after the date of the filing thereof, endorse upon each of the duplicates thereof, over his or her official signature, his or her approval and forthwith give notice thereof to the bank and shall file one of the certificates in his or her own office and shall transmit the other to the secretary of state. Upon receipt from the mutual savings bank of the same fees as are required of general corporations for filing corresponding instruments, the secretary of state shall file the resolution and record the same. Upon the filing of said resolution in duplicate, approved as aforesaid in the offices of the director and the secretary of state, the corporate existence of said bank shall continue for the period set forth in said resolution unless sooner terminated pursuant to law.[ 1994 c 92 § 313; 1981 c 302 § 27; 1963 c 176 § 1; 1957 c 80 § 8.]NOTES:Severability—1981 c 302: See note following RCW 19.76.100.
WA Rev Code § 32.08.070 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.08 - Organization and Powers.|32.08.070 - Authorization certificate.

RCW 32.08.070 Authorization certificate.Before a mutual savings bank shall be authorized to do any business the director shall be satisfied that the corporation has in good faith complied with all the requirements of law and fulfilled all the conditions precedent to commencing business imposed by this title. If satisfied that the corporation has in good faith complied with all the requirements of law, and fulfilled all the conditions precedent to commencing business imposed by this title, the director shall within six months after the date upon which the proposed organization certificate was filed with him or her for examination, but in no case after the expiration of that period, issue under his or her hand and official seal in triplicate an authorization certificate to such corporation. Such authorization certificate shall state that the corporation therein named has complied with all the requirements of law, that it is authorized to transact at the place designated in its certificate of incorporation, the business of a mutual savings bank. One of the triplicate authorization certificates shall be transmitted by the director to the corporation therein named, and the other two authorization certificates shall be filed by the director in the same public offices where the certificate of incorporation is filed, and shall be attached to said incorporation certificate.[ 1994 c 92 § 314; 1981 c 302 § 28; 1955 c 13 § 32.08.070. Prior: 1915 c 175 § 5; RRS § 3317.]NOTES:Severability—1981 c 302: See note following RCW 19.76.100.
WA Rev Code § 32.08.080 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.08 - Organization and Powers.|32.08.080 - Conditions precedent to reception of deposits.

RCW 32.08.080 Conditions precedent to reception of deposits.Before such corporation shall be authorized to receive deposits or transact business other than the completion of its organization, the director shall be satisfied that:(1) The incorporators have made the deposit of the initial guaranty fund required by this title;(2) The incorporators have made the deposit of the expense fund required by RCW 32.08.090 and if the director shall so require, have entered into the agreement or undertaking with him or her and have filed the same and the security therefor as prescribed in said section;(3) The corporation has transmitted to the director the name, residence, and post office address of each officer of the corporation;(4) Its certificate of incorporation in triplicate has been filed in the respective public offices designated in this title.[ 1994 c 92 § 315; 1955 c 13 § 32.08.080. Prior: 1915 c 175 § 6; RRS § 3318.]
WA Rev Code § 32.08.090 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.08 - Organization and Powers.|32.08.090 - Expense fund—Agreement to contribute further—Security.

RCW 32.08.090 Expense fund—Agreement to contribute further—Security.Before any mutual savings bank shall be authorized to do business, its incorporators shall create an expense fund from which the expense of organizing such bank and its operating expenses may be paid, until such time as its earnings are sufficient to pay its operating expenses in addition to such dividends as may be declared and credited to its depositors from its earnings. The incorporators shall deposit to the credit of such savings bank in cash as an expense fund the sum of five thousand dollars. They shall also enter into such an agreement or undertaking with the director as trustee for the depositors with the savings bank as he or she may require to make such further contributions in cash to the expense fund as may be necessary to pay its operating expenses until such time as it can pay them from its earnings, in addition to such dividends as may be declared and credited to its depositors. Such agreement or undertaking shall fix the maximum liability assumed thereby which shall be a reasonable amount approved by the director and the same shall be secured to his or her satisfaction, which security in his or her discretion may be by a surety bond executed by a domestic or foreign corporation authorized to transact within this state the business of surety. The agreement or undertaking and security shall be filed in the office of the director. Such agreement or undertaking and such security need not be made or furnished unless the director shall require the same. The amounts contributed to the expense fund of said savings bank by the incorporators or trustees shall not constitute a liability of the savings bank except as hereinafter provided.[ 1994 c 92 § 316; 1955 c 13 § 32.08.090. Prior: 1915 c 175 § 8; RRS § 3320.]
WA Rev Code § 32.08.100 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.08 - Organization and Powers.|32.08.100 - Guaranty fund.

RCW 32.08.100 Guaranty fund.Before any mutual savings bank shall be authorized to do business, its incorporators shall create a guaranty fund for the protection of its depositors against loss on its investments, whether arising from depreciation in the market value of its securities or otherwise:(1) Such guaranty fund shall consist of payments in cash made by the original incorporators and of all sums credited thereto from the earnings of the savings bank as hereinafter required.(2) The incorporators shall deposit to the credit of such savings bank in cash as an initial guaranty fund at least five thousand dollars.(3) Prior to the liquidation of any such savings bank such guaranty fund shall not be in any manner encroached upon, except for losses and the repayment of contributions made by incorporators or trustees as hereinafter provided, until such fund together with undivided profits exceeds twenty-five percent of the amount due depositors.(4) The amounts contributed to such guaranty fund by the incorporators or trustees shall not constitute a liability of the savings bank, except as hereinafter provided, and any loss sustained by the savings bank in excess of that portion of the guaranty fund created from earnings may be charged against such contributions pro rata.[ 1955 c 13 § 32.08.100. Prior: 1915 c 175 § 7; RRS § 3319.]
WA Rev Code § 32.08.110 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.08 - Organization and Powers.|32.08.110 - Guaranty fund—Purpose.

RCW 32.08.110 Guaranty fund—Purpose.The contributions of the incorporators, or trustees of any such savings bank under the provisions of RCW 32.08.100, and the sums credited thereto from its net earnings under the provisions of RCW 32.08.120, shall constitute a guaranty fund for the security of its depositors, and shall be held to meet any contingency or loss in its business from depreciation of its securities or otherwise, and for no other purpose except as provided in RCW 32.08.130, and RCW 32.12.090(5).[ 1955 c 13 § 32.08.110. Prior: 1915 c 175 § 21; RRS § 3350.]
WA Rev Code § 32.08.115 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.08 - Organization and Powers.|32.08.115 - Guaranty fund—Payment of interest and dividends—Legislative declaration.

RCW 32.08.115 Guaranty fund—Payment of interest and dividends—Legislative declaration.It is hereby recognized that the savings banks of the state of Washington are affected adversely by the uncertainties and ambiguities in the law relating to guaranty funds. It is the express purpose of the legislature in enacting RCW 32.08.116 to clarify that the law permits payment of interest and dividends from the guaranty funds of savings banks and RCW 32.08.116 shall be liberally construed to that end.[ 1982 c 5 § 1.]
WA Rev Code § 32.08.116 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.08 - Organization and Powers.|32.08.116 - Guaranty fund—Payment of interest and dividends—When authorized.

RCW 32.08.116 Guaranty fund—Payment of interest and dividends—When authorized.A savings bank not having net earnings or undivided profits or other surplus may pay interest and dividends from its guaranty fund upon prior written approval of the director, which approval shall not be withheld unless the director has determined that such payments would place the savings bank in an unsafe and unsound condition.[ 1994 c 92 § 317; 1982 c 5 § 2.]
WA Rev Code § 32.08.120 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.08 - Organization and Powers.|32.08.120 - Guaranty fund—Replenishment—Dividends.

RCW 32.08.120 Guaranty fund—Replenishment—Dividends.(1) If at the close of any dividend period the guaranty fund of a savings bank is less than ten percent of the amount due to depositors, there shall be deducted from its net earnings and credited to its guaranty fund not less than five percent of its net earnings for such period.(2) The balance of its net earnings for such dividend period, plus any earnings from prior accounting periods not previously disbursed and not reserved for losses or other contingencies or required to be maintained in the guaranty fund, shall be available for dividends.While the trustees of such savings bank are paying its expenses or any portion thereof, the amounts to be credited to its guaranty fund shall be computed at the same percentage upon the total dividends credited to its depositors instead of upon its net earnings. If the guaranty fund accumulated from earnings equals or exceeds ten percent of the amount due to depositors, the minimum dividend shall be four percent, if the net earnings for such period are sufficient therefor.[ 1955 c 13 § 32.08.120. Prior: 1941 c 15 § 4; 1929 c 123 § 3; 1927 c 184 § 6; 1915 c 175 § 24; Rem. Supp. 1941 § 3353.]
WA Rev Code § 32.08.130 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.08 - Organization and Powers.|32.08.130 - Reimbursement fund.

RCW 32.08.130 Reimbursement fund.When the portion of the guaranty fund created from earnings amounts to not less than five thousand dollars (including in the case of a savings bank converted from a building and loan or savings and loan association or society the amount of the initial guaranty fund), the board of trustees, with the written consent of the director, may establish a reimbursement fund from which to repay contributors to the expense fund and the initial guaranty fund (excepting the initial guaranty fund in the case of a bank converted from a building and loan or savings and loan association or society), and may transfer to the reimbursement fund any unexpended balance of contributions to the expense fund. At the close of each dividend period the trustees may place to the credit of the reimbursement fund not more than one percent of the net earnings of the bank during that period. Payments from the reimbursement fund may be made from time to time in such amounts as the board of trustees shall determine, and shall be made first to the contributors to the expense fund in proportion to their contributions thereto until they shall have been repaid in full, and then shall be made to the contributors to the guaranty fund in proportion to their contributions thereto until they shall have been repaid in full. In case of the liquidation of the savings bank before the contributions to the expense fund and the initial guaranty fund have been fully repaid as above contemplated, any portion of the contributions not needed for the payment of the expenses of liquidation and the payment of depositors in full shall be paid to the contributors to the expense fund in proportion to their contributions thereto until they have been repaid in full, and then shall be paid to the contributors to the guaranty fund in proportion to their contributions thereto until they have been repaid in full.[ 1994 c 92 § 318; 1955 c 13 § 32.08.130. Prior: 1945 c 135 § 1; 1927 c 178 § 1; 1915 c 175 § 9; Rem. Supp. 1945 § 3321.]
WA Rev Code § 32.08.142 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.08 - Organization and Powers.|32.08.142 - Additional powers of savings bank—Powers of federal mutual savings bank—Definition—Restrictions.

RCW 32.08.142 Additional powers of savings bank—Powers of federal mutual savings bank—Definition—Restrictions.(1) Notwithstanding any restrictions, limitations, and requirements of law, in addition to all powers, express or implied, that a savings bank has under the laws of this state, a savings bank shall have the powers and authorities that any federal mutual savings bank had on July 28, 1985, or as of a subsequent date not later than July 28, 2013. As used in this section, "powers and authorities" include without limitation powers and authorities in corporate governance matters.(2) A savings bank may exercise the powers and authorities granted, after July 28, 2013, to federal mutual savings banks or their successors under federal law only if the director finds that the exercise of such powers and authorities:(a) Serves the convenience and advantage of depositors and borrowers, or the general public; and(b) Maintains the fairness of competition and parity between state-chartered savings banks and federal savings banks or their successors under federal law.(3) Notwithstanding any other provision of law, a savings bank has the powers and authorities that an out-of-state state savings bank or savings association operating a branch in Washington has if the director finds that the exercise of such powers and authorities serves the convenience and advantage of depositors and borrowers, or the general public, and maintains the fairness of competition and parity between savings banks and out-of-state state savings banks and savings associations.(4) For the purposes of this section, "powers and authorities" include without limitation powers and authorities in corporate governance matters.(5) The restrictions, limitations, and requirements applicable to specific powers and authorities of federal mutual savings banks or out-of-state state savings banks or savings associations, as applicable, shall apply to savings banks exercising those powers and authorities permitted under this section but only insofar as the restrictions, limitations, and requirements relate to exercising the powers and authorities granted savings banks solely under this section.[ 2013 c 76 § 26; 2003 c 24 § 7; 1999 c 14 § 18; 1996 c 2 § 24; 1994 c 256 § 98; 1985 c 56 § 3; 1981 c 86 § 10.]NOTES:Findings—Construction—1994 c 256: See RCW 43.320.007.Severability—1981 c 86: See note following RCW 32.08.140.
WA Rev Code § 32.08.145 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.08 - Organization and Powers.|32.08.145 - Safe deposit companies.

RCW 32.08.145 Safe deposit companies.See chapter 22.28 RCW.
WA Rev Code § 32.08.148 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.08 - Organization and Powers.|32.08.148 - Operation of branch outside Washington—Powers and authorities.

RCW 32.08.148 Operation of branch outside Washington—Powers and authorities.In addition to all powers and authorities, express or implied, that a mutual savings bank has under the laws of this state, a mutual savings bank chartered under this title may exercise any powers and authorities at any branch outside Washington that are permissible for a savings bank operating in the jurisdiction where that branch is located, or for a bank, savings association, or similar financial institution operating in the jurisdiction if the laws of the jurisdiction do not provide for the operation of savings banks in the jurisdiction, except to the extent that the exercise of these powers and authorities is expressly prohibited or limited by the laws of this state or by any rule or order of the director applicable to the mutual savings bank. However, the director may waive any limitation in writing with respect to powers and authorities that the director determines do not threaten the safety or soundness of the mutual savings bank.[ 1996 c 2 § 26.]
WA Rev Code § 32.08.150 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.08 - Organization and Powers.|32.08.150 - Certificates of deposit.

RCW 32.08.150 Certificates of deposit.A mutual savings bank may issue savings certificates of deposit in such form and upon such terms as the bank may determine.[ 1981 c 86 § 3; 1979 c 51 § 1; 1975 c 15 § 1; 1969 c 55 § 1; 1959 c 41 § 1; 1959 c 14 § 1; 1957 c 80 § 3; 1955 c 13 § 32.08.150. Prior: 1915 c 175 § 13; RRS § 3342.]NOTES:Severability—1981 c 86: See note following RCW 32.08.140.
WA Rev Code § 32.08.153 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.08 - Organization and Powers.|32.08.153 - Additional powers of savings bank—Powers and authorities of national banks on July 28, 1985, or a subsequent date not later than July 28, 2013—Definition—Restrictions.

RCW 32.08.153 Additional powers of savings bank—Powers and authorities of national banks on July 28, 1985, or a subsequent date not later than July 28, 2013—Definition—Restrictions.(1) Notwithstanding any restrictions, limitations, and requirements of law, in addition to all powers, express or implied, that a savings bank has under the laws of this state, a savings bank shall have the powers and authorities that any national bank had on July 28, 1985, or as of any subsequent date not later than July 28, 2013.(2) Notwithstanding any restrictions, limitations, and requirements of law, in addition to all powers, express or implied, that a savings bank has under the laws of this state, a savings bank has the powers and authorities conferred upon a national bank after July 28, 2013, only if the director finds that the exercise of such powers and authorities:(a) Serves the convenience and advantage of depositors and borrowers, or the general public; and(b) Maintains the fairness of competition and parity between savings banks and national banks.(3) For the purposes of this section, "powers and authorities" include without limitation powers and authorities in corporate governance and operational matters.(4) The restrictions, limitations, and requirements applicable to specific powers and authorities of national banks apply to savings banks exercising those powers and authorities permitted under this section but only insofar as the restrictions, limitations, and requirements relate to exercising the powers or authorities granted savings banks solely under this section. The director may require such a savings bank to provide notice prior to implementation of a plan to develop, improve, or continue holding an individual parcel of real estate, including capitalized and operating leases, acquired through any means in full or partial satisfaction of a debt previously contracted, under circumstances in which a national bank would be required to provide notice to the comptroller of the currency prior to implementation of such a plan. The director may adopt rules, orders, directives, standards, policies, memoranda, or other communications to specify guidance with regard to the exercise of the powers and authorities to expend such funds as are needed to enable such a savings bank to recover its total investment, to the fullest extent authorized for a national bank under the national bank act, 12 U.S.C. Sec. 29.[ 2013 c 76 § 27; 2010 c 88 § 49; 2003 c 24 § 4.]NOTES:Effective date—2010 c 88: See RCW 32.50.900.
WA Rev Code § 32.08.157 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.08 - Organization and Powers.|32.08.157 - Additional powers—Powers and authorities of banks.

RCW 32.08.157 Additional powers—Powers and authorities of banks.Notwithstanding any restrictions, limitations, and requirements of law, in addition to all powers, express or implied, that a mutual savings bank has under this title, a mutual savings bank has the powers and authorities that a bank has under *Title 30 RCW. As used in this section, "powers and authorities" include without limitation powers and authorities in corporate governance matters.The restrictions, limitations, and requirements applicable to specific powers or authorities of banks apply to mutual savings banks exercising those powers or authorities permitted under this section but only insofar as the restrictions, limitations, and requirements relate to exercising the powers or authorities granted mutual savings banks solely under this section.[ 2003 c 24 § 6.]NOTES:*Reviser's note: Title 30 RCW was recodified and/or repealed pursuant to 2014 c 37, effective January 5, 2015.