reglab/statecodes huggingface dataset:
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.22 - Financial Institution Individual Account Deposit Act. › 30A.22.190 - Payment to heirs and creditors of a deceased depositor.

RCW 30A.22.190
Payment to heirs and creditors of a deceased depositor.
In each case, where it is provided in RCW 30A.22.180 that a financial institution may make payment of funds deposited in an account to the personal representative of the estate of a deceased depositor or beneficiary, the financial institution may make payment of the funds to the following persons under the circumstances provided:
(1) In those instances where the deceased depositor left a surviving spouse, and the deceased depositor and the surviving spouse shall have executed a community property agreement which by its terms would include funds of the deceased depositor remaining in the account, a financial institution may make payment of all funds in the name of the deceased spouse to the surviving spouse upon receipt of a certified copy of the community property agreement as recorded in the office of a county auditor of the state and an affidavit of the surviving spouse that the community property agreement was validly executed and in full force and effect upon the death of the depositor.
(2) In those instances where the balance of the funds in the name of a deceased depositor does not exceed two thousand five hundred dollars, payment of the decedent's funds remaining in the account may be made to the surviving spouse, next of kin, funeral director, or other creditor who may appear to be entitled thereto upon receipt of proof of death and an affidavit to the effect that no personal representative has been appointed for the deceased depositor's estate. As a condition to the payment, a financial institution may require such waivers, indemnity, receipts, and acquittance and additional proofs as it may consider proper.
(3) In those instances where the person entitled presents an affidavit which meets the requirements of chapter 11.62 RCW.
A person receiving a payment from a financial institution pursuant to subsections (2) and (3) of this section is answerable and accountable therefor to any personal representative of the deceased depositor's estate wherever and whenever appointed.
[ 2014 c 37 § 198; 1989 c 220 § 3; 1981 c 192 § 19. Formerly RCW 30.22.190.]
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.22 - Financial Institution Individual Account Deposit Act. › 30A.22.200 - Payment to foreign personal representative—Release of financial institution.

RCW 30A.22.200
Payment to foreign personal representative—Release of financial institution.
In each case where it is provided in this chapter that payment may be made to the personal representative of the estate of a deceased depositor or trust or P.O.D. account beneficiary, financial institutions may make payment of the funds on deposit in a deceased depositor's or beneficiary's account to the personal representative of the decedent's estate appointed under the laws of any other state or territory or country after:
(1) At least sixty days have elapsed since the date of the deceased depositor's death; and
(2) Upon receipt of the following:
(a) Proof of death of the deceased depositor or beneficiary;
(b) Proof of the appointment and continuing authority of the personal representative requesting payment;
(c) The personal representative's, or its agent's, affidavit to the effect that to the best of his or her knowledge no personal representative has been or will be appointed under the laws of this state; and
(d) Receipt of either an estate tax release from the department of revenue or the personal representative's, or its agent's, affidavit that the estate is not subject to Washington estate tax. However, if a personal representative of the deceased depositor's or beneficiary's estate is appointed and qualified as such under the laws of this state, and delivers proof of the appointment and qualification to the office or branch of the financial institution in which the deposit is maintained prior to the transmissions of the sums on deposit to the foreign personal representative, then the funds shall be paid to the personal representative of the deceased depositor's or beneficiary's estate who has been appointed and qualified in this state.
(3) The financial institution paying, delivering, transferring, or issuing funds on deposit in a deceased depositor's or beneficiary's account in accordance with the provisions of this section is discharged and released to the same extent as if such person has dealt with a personal representative of the decedent, unless at the time of such payment, delivery, transfer, or issuance such institution had actual knowledge of the falsity of any statement or affidavit required to be provided under this section. Such institution is not required to see to the application of funds, or to inquire into the truth of any matter specified in any statement or affidavit required to be provided under this section.
[ 1988 c 29 § 9; 1981 c 192 § 20. Formerly RCW 30.22.200.]
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.22 - Financial Institution Individual Account Deposit Act. › 30A.22.210 - Authority to withhold payment—Vulnerable adults.

RCW 30A.22.210
Authority to withhold payment—Vulnerable adults.
(1) Nothing contained in this chapter shall be deemed to require any financial institution to make any payment from an account to a depositor, or any trust or P.O.D. account beneficiary, or any other person claiming an interest in any funds deposited in the account, if the financial institution has actual knowledge of the existence of a dispute between the depositors, beneficiaries, or other persons concerning their respective rights of ownerships to the funds contained in, or proposed to be withdrawn, or previously withdrawn from the account, or in the event the financial institution is otherwise uncertain as to who is entitled to the funds pursuant to the contract of deposit. In any such case, the financial institution may, without liability, notify, in writing, all depositors, beneficiaries, or other persons claiming an interest in the account of either its uncertainty as to who is entitled to the distributions or the existence of any dispute, and may also, without liability, refuse to disburse any funds contained in the account to any depositor, and/or trust or P.O.D. account beneficiary thereof, and/or other persons claiming an interest therein, until such time as either:
(a) All such depositors and/or beneficiaries have consented, in writing, to the requested payment; or
(b) The payment is authorized or directed by a court of proper jurisdiction.
(2) If a financial institution reasonably believes that financial exploitation of a vulnerable adult, as defined in RCW 74.34.020, may have occurred, may have been attempted, or is being attempted, the financial institution may refuse a transaction as permitted under RCW 74.34.215.
[ 2010 c 133 § 1; 1981 c 192 § 21. Formerly RCW 30.22.210.]
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.22 - Financial Institution Individual Account Deposit Act. › 30A.22.220 - Adverse claim bond.

RCW 30A.22.220
Adverse claim bond.
Notwithstanding RCW 30A.22.210, a financial institution may, without liability, pay or permit withdrawal of any funds on deposit in an account to a depositor and/or agent of a depositor and/or trust or P.O.D. account beneficiary, and/or other person claiming an interest therein, even when the financial institution has actual knowledge of the existence of the dispute, if the adverse claimant shall execute to the financial institution, in form and with security acceptable to it, a bond in an amount which is double either the amount of the deposit or the adverse claim, whichever is the lesser, indemnifying the financial institution from any and all liability, loss, damage, costs, and expenses, for and on account of the payment of the adverse claim or the dishonor of the check or other order of the person in whose name the deposit stands on the books of the financial institution: PROVIDED, That where the person in whose name the deposit stands is a fiduciary for the adverse claimant, and the facts constituting such relationship, and also the facts showing reasonable cause of belief on the part of the claimant that the fiduciary is about to misappropriate the deposit, are made to appear by the affidavit of the claimant, the financial institution shall, without liability, refuse to deliver the property for a period of not more than five business days from the date that the financial institution receives the adverse claimant's affidavit, without liability for the sufficiency or truth of the facts alleged in the affidavit, after which time the claim shall be treated as any other claim under this section.
[ 2014 c 37 § 199; 1981 c 192 § 22. Formerly RCW 30.22.220.]
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.22 - Financial Institution Individual Account Deposit Act. › 30A.22.230 - Authority to charge a customer for furnishing items or copies of items.

RCW 30A.22.230
Authority to charge a customer for furnishing items or copies of items.
A financial institution may charge a customer for furnishing items or copies of items as defined in RCW 62A.4-104, in excess of the number of free items or copies of items provided for in RCW 62A.4-406(b), fifty cents per copy furnished plus fees for retrieval at a rate not to exceed the rate assessed when complying with summons issued by the Internal Revenue Service.
[ 1993 c 229 § 118. Formerly RCW 30.22.230.]
NOTES:
Recovery of attorneys' fees—Effective date—1993 c 229: See RCW 62A.11-111 and 62A.11-112.
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.22 - Financial Institution Individual Account Deposit Act. › 30A.22.240 - Records—Disclosure—Requests by law enforcement—Fees.

RCW 30A.22.240
Records—Disclosure—Requests by law enforcement—Fees.
(1) If a financial institution discloses information in good faith concerning its customer or customers in accordance with this section, it shall not be liable to its customers or others for such disclosure or its consequences. Good faith will be presumed if the financial institution follows the procedures set forth in this section.
(2) A request for financial records made by a law enforcement officer shall be submitted to the financial institution in writing stating that the officer is conducting a criminal investigation of actual or attempted withdrawals from an account at the institution and that the officer reasonably believes a statutory notice of dishonor has been given pursuant to RCW 62A.3-515, fifteen days have elapsed, and the item remains unpaid. The request shall include the name and number of the account and be accompanied by a copy of:
(a) The front and back of at least one unpaid check or draft drawn on the account that has been presented for payment no fewer than two times or has been drawn on a closed account; and
(b) A statement of the dates or time period relevant to the investigation.
(3) To the extent permitted by federal law, under subsection (2) of this section a financial institution shall within a reasonable time disclose to a requesting law enforcement officer so much of the following information as has been requested concerning the account upon which the dishonored check or draft was drawn, to the extent the records can be located:
(a) The date the account was opened; the details and amount of the opening deposit to the account; and if closed, the reason the account was closed, the date the account was closed, and balance at date of closing;
(b) A copy of the statements of the account for the relevant period including dates under investigation and the preceding and following thirty days and the closing statement, if the account was closed;
(c) A copy of the front and back of the signature card; and
(d) If the account was closed by the financial institution, the name of the person notified of its closing and a copy of the notice of the account's closing and whether such notice was returned undelivered.
(4) Financial institutions may charge requesting parties a reasonable fee for the actual costs of providing services under this chapter. These fees may not exceed rates charged to federal agencies for similar requests. In the event an investigation results in conviction, the court may order the defendant to pay costs incurred by law enforcement under chapter 186, Laws of 1995.
[ 1995 c 186 § 2. Formerly RCW 30.22.240.]
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.22 - Financial Institution Individual Account Deposit Act. › 30A.22.245 - Records—Admission as evidence—Certificate.

RCW 30A.22.245
Records—Admission as evidence—Certificate.
Records obtained pursuant to this chapter shall be admitted as evidence in all courts of this state, under Washington rule of evidence 902, when accompanied by a certificate substantially in the following form:
CERTIFICATE
1. The accompanying documents are true and correct copies of the records of [name of financial institution]. The records were made in the regular course of business of the financial institution at or near the time of the acts, events, or conditions which they reflect.
2. They are produced in response to a request made under *RCW 30.22.240.
3. The undersigned is authorized to execute this certificate. I CERTIFY, under penalty of perjury under the laws of the State of Washington, that the foregoing statements are true and correct.
————
————
Date
Signature
————
————
Place of Signing
Type or Print Name/
Title/Telephone No.
[ 1995 c 186 § 3. Formerly RCW 30.22.245.]
NOTES:
*Reviser's note: RCW 30.22.240 was recodified as RCW 30A.22.240 pursuant to 2014 c 37 § 4, effective January 5, 2015.
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.22 - Financial Institution Individual Account Deposit Act. › 30A.22.250 - No duty to request information.

RCW 30A.22.250
No duty to request information.
RCW 9.38.015 does not create a duty for financial institutions to request the information set forth in RCW 9.38.015(1).
[ 1995 c 186 § 5. Formerly RCW 30.22.250.]
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.22 - Financial Institution Individual Account Deposit Act. › 30A.22.260 - Promotional contests of chance—Director's authority.

RCW 30A.22.260
Promotional contests of chance—Director's authority.
(1) If approved by its board of directors, a financial institution may conduct a promotional contest of chance as permitted under RCW 9.46.0356(1)(b).
(2) A financial institution must not conduct a savings promotional contest of chance, if, in the opinion of the director:
(a) It is likely to or does adversely affect the financial institution's safety and soundness;
(b) It is administered in an unsafe and unsound or imprudent manner, or in a manner that is likely to or does result in actual or potential reputational harm to the financial institution; or
(c) It is likely to or has misled the financial institution's members, depositors, or the general public.
(3) The director may examine the conduct of a promotional contest of chance pursuant to his or her supervisory and examination powers under:
(a) *Title 30 RCW, in regard to a bank;
(b) Title 32 RCW, in regard to a mutual or stock savings bank; or
(c) Chapter 31.12 RCW, in regard to a state credit union.
(4) The director may exercise his or her full enforcement powers under the titles and chapter in subsection (3) of this section and may issue a cease and desist order for a violation of this section.
(5) A financial institution must maintain records sufficient to facilitate an audit of a promotional contest of chance, and must provide those records to the director upon request.
[ 2011 c 303 § 5. Formerly RCW 30.22.260.]
NOTES:
*Reviser's note: Title 30 RCW was recodified and/or repealed pursuant to chapter 37, Laws of 2014, effective January 5, 2015.
Findings—Intent—2011 c 303: See note following RCW 9.46.0356.
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.22 - Financial Institution Individual Account Deposit Act. › 30A.22.900 - Effective date—1981 c 192.

RCW 30A.22.900
Effective date—1981 c 192.
This act shall take effect on July 1, 1982.
[ 1981 c 192 § 34. Formerly RCW 30.22.900.]
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.22 - Financial Institution Individual Account Deposit Act. › 30A.22.902 - Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.

RCW 30A.22.902
Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.
For the purposes of this chapter, the terms spouse, marriage, marital, husband, wife, widow, widower, next of kin, and family shall be interpreted as applying equally to state registered domestic partnerships or individuals in state registered domestic partnerships as well as to marital relationships and married persons, and references to dissolution of marriage shall apply equally to state registered domestic partnerships that have been terminated, dissolved, or invalidated, to the extent that such interpretation does not conflict with federal law. Where necessary to implement chapter 521, Laws of 2009, gender-specific terms such as husband and wife used in any statute, rule, or other law shall be construed to be gender neutral, and applicable to individuals in state registered domestic partnerships.
[ 2009 c 521 § 76. Formerly RCW 30.22.902.]
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.32 - Dealings With Federal Loan Agencies. › 30A.32.010 - Membership in federal reserve system—Investment in stock of Federal Deposit Insurance Corporation.

RCW 30A.32.010
Membership in federal reserve system—Investment in stock of Federal Deposit Insurance Corporation.
Any bank or mutual savings bank may become a member of the federal reserve system of the United States and to that end may comply with all laws of the United States and all rules, regulations and requirements promulgated pursuant thereto, including the investment of its funds in the stock of a federal reserve bank; and any bank or mutual savings bank, whether a member of the federal reserve system or not, may invest its funds in the stock of the Federal Deposit Insurance Corporation created by the act of congress approved June 16, 1933, and may participate in the insurance of bank deposits and obligate itself for the cost of such participation by assessments or otherwise in accordance with the laws of the United States.
[ 2014 c 37 § 200; 1955 c 33 § 30.32.010. Prior: 1933 ex.s. c 9 § 1; RRS § 3235-1. Formerly RCW 30.32.010.]
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.32 - Dealings With Federal Loan Agencies. › 30A.32.020 - Investment in federal home loan bank stock or bonds.

RCW 30A.32.020
Investment in federal home loan bank stock or bonds.
Any savings and loan association, building and loan association, bank, savings bank, or mutual savings bank may become a member of and invest its funds in the bonds and/or the capital stock of a federal home loan bank, and vote such stock in the manner prescribed by its board of directors.
[ 2014 c 37 § 201; 1955 c 33 § 30.32.020. Prior: 1933 c 105 § 1; RRS § 3294-1. Formerly RCW 30.32.020.]
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.32 - Dealings With Federal Loan Agencies. › 30A.32.030 - May borrow from home loan bank.

RCW 30A.32.030
May borrow from home loan bank.
Any such bank, insurance company, or association, may borrow from any home loan bank and as security for borrowing may pledge therewith the notes, mortgages, trust deeds which it holds as shall be required by federal law, and under such rules and regulations as shall be adopted by a federal home loan bank.
[ 2014 c 37 § 202; 1955 c 33 § 30.32.030. Prior: 1933 c 105 § 2; RRS § 3294-2. Formerly RCW 30.32.030.]
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.32 - Dealings With Federal Loan Agencies. › 30A.32.040 - Federal home loan bank as depositary.

RCW 30A.32.040
Federal home loan bank as depositary.
Any such bank, insurance company, or association, may designate a federal home loan bank as a depositary for its funds.
[ 2014 c 37 § 203; 1955 c 33 § 30.32.040. Prior: 1933 c 105 § 3; RRS § 3294-3. Formerly RCW 30.32.040.]
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.36 - Capital Notes or Debentures. › 30A.36.010 - Definitions.

RCW 30A.36.010
Definitions.
Capital notes or debentures, where used in this chapter, shall mean notes or other obligations issued by a bank or mutual savings bank, for money obtained and used as additional capital or to replace impaired capital stock: PROVIDED, Such notes or other obligations are subordinate to the rights of depositors and other creditors.
The term "capital" where used in this chapter shall mean capital stock and/or capital notes.
[ 2014 c 37 § 204; 1955 c 33 § 30.36.010. Prior: 1935 c 42 § 1; RRS § 3295-1. Formerly RCW 30.36.010.]
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.36 - Capital Notes or Debentures. › 30A.36.020 - Issuance and sale—Status—Conversion rights.

RCW 30A.36.020
Issuance and sale—Status—Conversion rights.
With the approval of the director, any bank or mutual savings bank may at any time, through action of its board of directors or trustees, issue and sell its capital notes or debentures. Such capital notes or debentures shall be subordinate to the claims of depositors and other creditors. The holders of capital notes or debentures issued by a bank shall have such conversion rights as may be provided in the articles of incorporation with the approval of the director.
[ 2014 c 37 § 205; 1994 c 92 § 76; 1979 c 106 § 5; 1955 c 33 § 30.36.020. Prior: 1935 c 42 § 2; RRS 3295-2. Formerly RCW 30.36.020.]
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.36 - Capital Notes or Debentures. › 30A.36.030 - Stock at less than par—Impairment.

RCW 30A.36.030
Stock at less than par—Impairment.
Where any bank or mutual savings bank has issued and has outstanding capital notes or debentures, it may carry its capital stock on its books at a sum less than par, and it shall not be considered impaired so long as the amount of such capital notes or debentures equals or exceeds the impairment as found by the director.
[ 2014 c 37 § 206; 1994 c 92 § 77; 1955 c 33 § 30.36.030. Prior: 1935 c 42 § 3; RRS § 3295-3. Formerly RCW 30.36.030.]
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.36 - Capital Notes or Debentures. › 30A.36.040 - Impairment to be corrected before retirement of notes or debentures.

RCW 30A.36.040
Impairment to be corrected before retirement of notes or debentures.
Before such capital notes or debentures are retired or paid by the bank or mutual savings bank, any existing impairment of its capital stock must be overcome or corrected to the satisfaction of the director.
[ 2014 c 37 § 207; 1994 c 92 § 78; 1955 c 33 § 30.36.040. Prior: 1935 c 42 § 4; RRS § 3295-4. Formerly RCW 30.36.040.]
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.36 - Capital Notes or Debentures. › 30A.36.050 - Not subject to assessments—Liability of holders.

RCW 30A.36.050
Not subject to assessments—Liability of holders.
Such capital notes or debentures shall in no case be subject to any assessment. The holders of such capital notes or debentures shall not be held individually responsible, as such holders, for any debts, contracts or engagements of such institution, and as such holders, shall not be held liable for assessments to restore impairments in the capital of such institution.
[ 1955 c 33 § 30.36.050. Prior: 1935 c 42 § 5; RRS § 3295-5. Formerly RCW 30.36.050.]
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.38 - Interstate Banking. › 30A.38.010 - Out-of-state bank may engage in banking in this state—Conditions—Director's approval of interstate combination.

RCW 30A.38.010
Out-of-state bank may engage in banking in this state—Conditions—Director's approval of interstate combination.
(1) An out-of-state bank may engage in banking in this state without violating RCW 30A.04.280 only if the conditions and filing requirements of this chapter are met and the bank was lawfully engaged in banking in this state on July 22, 2010, or the bank's in-state banking activities:
(a) Resulted from an interstate combination pursuant to RCW 30A.49.125 or 32.32.500;
(b) Resulted from a relocation of a head office of a state bank pursuant to 12 U.S.C. Sec. 30 and RCW 30A.04.215(3);
(c) Resulted from a relocation of a main office of a national bank pursuant to 12 U.S.C. Sec. 30;
(d) Resulted from the establishment of a branch of a savings bank in compliance with RCW 32.04.030(6); or
(e) Resulted from interstate branching under RCW 30A.38.015.
Nothing in this section affects the authorities of alien banks as defined by RCW 30A.42.020 to engage in banking within this state.
(2) The director, consistent with 12 U.S.C. Sec. 1831u(b)(2)(D), may approve an interstate combination if the standard on which the approval is based does not discriminate against out-of-state banks, out-of-state bank holding companies, or subsidiaries of those banks or holding companies.
[ 2014 c 37 § 208; 2013 c 76 § 12; 2005 c 348 § 2; 1996 c 2 § 11. Formerly RCW 30.38.010.]
NOTES:
Effective date—2005 c 348: See note following RCW 30A.38.005.
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.38 - Interstate Banking. › 30A.38.015 - Out-of-state bank without a branch in this state—Options—Director's approval required, conditions.

RCW 30A.38.015
Out-of-state bank without a branch in this state—Options—Director's approval required, conditions.
(1) An out-of-state bank that does not have a branch in Washington may, under this chapter, establish and maintain:
(a) A de novo branch in this state; or
(b) A branch in this state through the acquisition of a branch.
(2) An out-of-state bank desiring to establish and maintain a de novo branch or to acquire a branch in this state shall provide written application of the proposed transaction to the director, accompanied by the fee prescribed by the director, not later than three days after the date of filing with the responsible federal bank supervisory agency for approval to establish or acquire the branch.
(3) Subject to the conditions of this chapter, the director shall approve an application under subsection (2) of this section if the out-of-state bank would be permitted to establish or acquire a branch in Washington state if it were a bank chartered in Washington state.
[ 2013 c 76 § 13; 2005 c 348 § 3. Formerly RCW 30.38.015.]
NOTES:
Effective date—2005 c 348: See note following RCW 30A.38.005.
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.38 - Interstate Banking. › 30A.38.020 - Out-of-state bank with host branches—Relocation of head office—Reincorporation—Application—Director's approval required.

RCW 30A.38.020
Out-of-state bank with host branches—Relocation of head office—Reincorporation—Application—Director's approval required.
An out-of-state bank with host branches in this state may relocate its head office in Washington and reincorporate as a Washington state bank if the director finds that the bank meets the standards as to capital structures, operations, business experience, and character of officers and directors, and the bank follows the procedures specified in this section.
The bank shall file with the director on a form prescribed by the director, an application to relocate its head office to Washington. Within six months upon acceptance of a complete application, the director shall notify the bank to file, in triplicate, an executed and acknowledged certificate of reincorporation signed by a majority of the entire board of directors that at least two-thirds of each class of voting stock of the bank entitled to vote thereon has approved the: (1) Head office relocation; (2) change to a Washington state bank; and (3) new articles of incorporation.
Within thirty days after receipt of the certificate and articles, the director shall endorse upon each of the triplicate copies, over the director's official signature, the word "approved" or the word "refused," with the date of the endorsement. In case of refusal the director shall immediately return one of the triplicates, so endorsed, together with a statement explaining the reason for refusal to the bank from whom the certificate and articles were received. The refusal shall be conclusive, unless the bank, within ten days of the issuance of the notice of refusal, requests a hearing under chapter 34.05 RCW.
[ 1996 c 2 § 12. Formerly RCW 30.38.020.]
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.38 - Interstate Banking. › 30A.38.030 - Out-of-state bank may maintain and operate branches—Powers and authorities.

RCW 30A.38.030
Out-of-state bank may maintain and operate branches—Powers and authorities.
(1) If authorized to engage in banking in this state under RCW 30A.38.010, an out-of-state bank may maintain and operate the branches in Washington of a Washington bank with which the out-of-state bank or its predecessors engaged in an interstate combination.
(2) The out-of-state bank may establish or acquire and operate additional branches in Washington to the same extent that any Washington bank may establish or acquire and operate a branch in Washington under applicable federal and state law.
(3) The out-of-state state bank may, at such branches, unless otherwise limited by the bank's home state law, exercise any powers and authorities that are authorized under the laws of this state for Washington state banks.
(4) The out-of-state state bank may, at these branches, exercise additional powers and authorities that are authorized under the laws of its home state, only if the director determines in writing that the exercise of the additional powers and authorities in this state will not threaten the safety and soundness of banks in this state and serves the convenience and needs of Washington consumers. Washington state banks also may exercise the powers and authorities under RCW * 30A.08.140(16) or ** 32.08.140(15).
[ 2014 c 37 § 209; 1996 c 2 § 13. Formerly RCW 30.38.030.]
NOTES:
Reviser's note: *(1) RCW 30.08.140, which was subsequently recodified as RCW 30A.08.140 pursuant to 2014 c 37 § 4, was amended by 2013 c 76 §§ 9 and 10, deleting subsection (16).
**(2) RCW 32.08.140 was amended by 2013 c 76 §§ 24 and 25, deleting subsection (15).
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.38 - Interstate Banking. › 30A.38.050 - Branch of out-of-state state bank—Violations—Unsafe and unsound operations—Enforcement actions—Notice to home state regulator.

RCW 30A.38.050
Branch of out-of-state state bank—Violations—Unsafe and unsound operations—Enforcement actions—Notice to home state regulator.
If the director determines that a branch maintained by an out-of-state state bank in this state is being operated in violation of the laws of this state, or that the branch is being operated in an unsafe and unsound manner, the director has the authority to take all enforcement actions he or she would be empowered to take if the branch were a Washington state bank. However, the director shall promptly give notice to the home state regulator of each enforcement action taken against an out-of-state state bank and, to the extent practicable, shall consult and cooperate with the home state regulator in pursuing and resolving the enforcement action.
[ 1996 c 2 § 15. Formerly RCW 30.38.050.]
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.38 - Interstate Banking. › 30A.38.060 - Rules.

RCW 30A.38.060
Rules.
The director may adopt those rules necessary to implement chapter 2, Laws of 1996.
[ 1996 c 2 § 16. Formerly RCW 30.38.060.]
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.38 - Interstate Banking. › 30A.38.070 - Out-of-state state bank becomes resulting bank—Branches in this state—RCW 30A.49.125(5) does not apply—When established and maintained—Notice to director.

RCW 30A.38.070
Out-of-state state bank becomes resulting bank—Branches in this state—RCW 30A.49.125(5) does not apply—When established and maintained—Notice to director.
(1) Any out-of-state state bank that will be the resulting bank pursuant to an interstate combination involving any bank with branches in Washington, if RCW 30A.49.125(5) does not apply, shall notify the director of the proposed combination not later than three days after the date of filing of an application for the combination with the responsible federal bank supervisory agency, and shall submit a copy of the application to the director and pay applicable application fees, if any, required by the director. In lieu of notice from the out-of-state state bank the director may accept notice from the bank's home state regulator. The director has the authority to waive any procedures required by Washington merger laws if the director finds that the provision is in conflict with the applicable federal law or in conflict with the applicable law of the state of the resulting bank.
(2) An out-of-state state bank that has established and maintains a branch in this state pursuant to this chapter shall give at least thirty days' prior written notice or, in the case of an emergency transaction, shorter notice as is consistent with the applicable state or federal law, to the director of any transaction that would cause a change of control with respect to the bank or any bank holding company that controls the bank, with the result that an application would be required to be filed pursuant to the federal change in bank control act of 1978, as amended, 12 U.S.C. Sec. 1817(j), or the federal bank holding company act of 1956, as amended, 12 U.S.C. Sec. 1841 et seq., or any successor statutes. In lieu of notice from the out-of-state state bank the director may accept notice from the bank's home state regulator.
[ 2014 c 37 § 210; 1996 c 2 § 17. Formerly RCW 30.38.070.]
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.38 - Interstate Banking. › 30A.38.080 - Application of Washington laws—Declaration of invalidity.

RCW 30A.38.080
Application of Washington laws—Declaration of invalidity.
(1) The laws of Washington applicable to Washington state banks regarding community reinvestment, consumer protection, fair lending, and the establishment of intrastate branches apply to any branch in Washington of an out-of-state national bank or out-of-state state bank to the same extent as Washington laws apply to a Washington state bank. In lieu of taking action directly against an out-of-state state bank to enforce compliance with these Washington laws on host state branches, the director may refer action to the home state regulator, but the director retains enforcement powers to ensure that compliance is satisfactory to the director.
(2) Any host state branch of a Washington state bank shall comply with all applicable host state laws concerning community reinvestment, consumer protection, fair lending, and the establishment of intrastate branches.
(3) In the event that the responsible federal chartering authority, pursuant to applicable federal law, or in the event a court of competent jurisdiction declares that any Washington state law is invalid with respect to an out-of-state or national bank, that Washington state law is also invalid with respect to Washington state banks and to host branches of out-of-state state banks to that same extent. The director may, from time to time, publish by rule Washington state laws that have been found invalidated pursuant to federal law and procedures. This subsection does not impair, in any manner, the authority of the state attorney general to enforce antitrust laws applicable to banks, bank holding companies, or affiliates of those banks or bank holding companies.
[ 1996 c 2 § 18. Formerly RCW 30.38.080.]
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.42 - Alien Banks. › 30A.42.010 - Purpose.

RCW 30A.42.010
Purpose.
The purpose of this chapter is to establish a legal and regulatory framework for operation by alien banks in the state of Washington that will:
(1) Create a financial climate which will benefit the economy of the state of Washington;
(2) Provide a well regulated and supervised financial system to assist the movement of foreign capital into Washington state for the support and diversification of the local industrial base;
(3) Assist the development of the economy of the state of Washington without disrupting business relationships of state and federal financial institutions.
[ 1973 1st ex.s. c 53 § 1. Formerly RCW 30.42.010.]
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.42 - Alien Banks. › 30A.42.020 - Definitions.

RCW 30A.42.020
Definitions.
For the purposes of this chapter, the following terms shall be defined as follows:
(1) "Agency" means an office of an alien bank that is exercising the powers authorized by RCW 30A.42.180.
(2) "Alien bank" means a bank organized under the laws of a foreign country and having its principal place of business in that country, the majority of the beneficial ownership and control of which is vested in citizens of countries other than the United States of America.
(3) "Branch" means an office of an alien bank that is exercising the powers authorized by RCW 30A.42.105, 30A.42.115, and 30A.42.155.
(4) "Bureau" means an alien bank's operation in this state exercising the powers authorized by RCW 30A.42.230.
(5) "Office" means a branch or agency of an alien bank carrying on business in this state pursuant to this chapter.
[ 2014 c 37 § 211; 1994 c 92 § 80; 1983 c 3 § 48; 1973 1st ex.s. c 53 § 2. Formerly RCW 30.42.020.]
NOTES:
Reviser's note: The definitions in this section have been alphabetized pursuant to RCW 1.08.015(2)(k).
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.42 - Alien Banks. › 30A.42.030 - Authorization and compliance with chapter required.

RCW 30A.42.030
Authorization and compliance with chapter required.
An alien bank shall not establish and operate an office or bureau in this state unless it is authorized to do so by the director and unless it first complies with all of the provisions of this chapter and then only to the extent expressly permitted by this chapter.
[ 1994 c 92 § 81; 1973 1st ex.s. c 53 § 3. Formerly RCW 30.42.030.]
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.42 - Alien Banks. › 30A.42.040 - More than one office prohibited.

RCW 30A.42.040
More than one office prohibited.
An alien bank shall not be permitted to have more than one office in this state.
[ 1973 1st ex.s. c 53 § 4. Formerly RCW 30.42.040.]
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.42 - Alien Banks. › 30A.42.050 - Acquisition or serving on board of directors or trustees of other financial institutions prohibited.

RCW 30A.42.050
Acquisition or serving on board of directors or trustees of other financial institutions prohibited.
An alien bank shall not take over or acquire an existing federal or state-chartered bank, trust company, mutual savings bank, savings and loan association, or credit union or any branch of any such bank, trust company, mutual savings bank, savings and loan association, or credit union in this state; nor shall any designee, officer, agent or employee of an alien bank serve on the board of directors of any federal or state bank, trust company, savings and loan association, or credit union, or the board of trustees of a mutual savings bank.
[ 1973 1st ex.s. c 53 § 5. Formerly RCW 30.42.050.]
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.42 - Alien Banks. › 30A.42.060 - Conditions to be met before opening office in state.

RCW 30A.42.060
Conditions to be met before opening office in state.
An alien bank shall not hereafter open an office in this state until it has met the following conditions:
(1) It has filed with the director an application in such form and containing such information as shall be prescribed by the director.
(2) It has designated the director by a duly executed instrument in writing, its agent, upon whom process in any action or proceeding arising out of a transaction with the Washington office may be served. Such service shall have the same force and effect as if the alien bank were a Washington corporation and had been lawfully served with process within the state. The director shall forward by mail, postage prepaid, a copy of every process served upon him or her under the provisions of this subdivision, addressed to the manager or agent of such bank at its office in this state.
(3) It has allocated and assigned to its office within this state paid-in capital of not less than two hundred thousand dollars or such larger amounts as the director in his or her discretion may require.
(4) It has filed with the director a letter from its chief executive officer guaranteeing that the alien bank's entire capital and surplus is and shall be available for all liabilities and obligations of its office doing business in this state.
(5) It has paid the fees required by law and established by the director pursuant to RCW 30A.04.070.
(6) It has received from the director his or her certificate authorizing the transaction of business in conformity with this chapter.
[ 2014 c 37 § 212; 1994 c 92 § 82; 1973 1st ex.s. c 53 § 6. Formerly RCW 30.42.060.]
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.42 - Alien Banks. › 30A.42.070 - Allocated paid-in capital—Requirements.

RCW 30A.42.070
Allocated paid-in capital—Requirements.
The capital allocated as required in RCW 30A.42.060(3) shall be maintained within this state at all times in cash or in director approved interest bearing bonds, notes, debentures, or other obligations: (1) Of the United States or of any agency or instrumentality thereof, or guaranteed by the United States; or (2) of this state, or of a city, county, town, or other municipal corporation, or instrumentality of this state or guaranteed by this state, or such other assets as the director may approve. Such capital shall be deposited with a bank qualified to do business in and having its principal place of business within this state, or in a national bank qualified to engage in banking in this state. Such bank shall issue a written receipt addressed and delivered to the director reciting that such deposit is being held for the sole benefit of the United States domiciled creditors of such alien bank's Washington office and that the same is subject to his or her order without offset for the payment of such creditors. For the purposes of this section, the term "creditor" shall not include any other offices, branches, subsidiaries, or affiliates of such alien bank. Subject to the approval of the director, reasonable arrangements may be made for substitution of securities. So long as it shall continue business in this state in conformance with this chapter and shall remain solvent, such alien bank shall be permitted to collect all interest and/or income from the assets constituting such allocated capital.
Should any securities so depreciate in market value and/or quality as to reduce the deposit below the amount required, additional money or securities shall be deposited promptly in amounts sufficient to meet such requirements. The director may make an investigation of the market value and of the quality of any security deposited at the time such security is presented for deposit or at any time thereafter. The director may make such charge as may be reasonable and proper for such investigation.
[ 2014 c 37 § 213; 1994 c 92 § 83; 1982 c 95 § 1; 1979 c 106 § 6; 1973 1st ex.s. c 53 § 7. Formerly RCW 30.42.070.]
NOTES:
Effective date—1982 c 95: "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, 1982." [ 1982 c 95 § 9.]
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.42 - Alien Banks. › 30A.42.080 - Separate assets—Books and records—Priority as to assets.

RCW 30A.42.080
Separate assets—Books and records—Priority as to assets.
Every alien bank maintaining an office in this state shall keep the assets of its Washington office entirely separate and apart from the assets of its other operations as though the Washington office was conducted as a separate and distinct entity. Every such alien bank shall keep separate books of account and records for its Washington office and shall observe with respect to such office the applicable requirements of this chapter and the applicable rules and regulations of the director. The United States domiciled creditors of such alien bank's Washington office shall be entitled to priority with respect to the assets of its Washington office before such assets may be used or applied for the benefit of its other creditors or transferred to its general business.
[ 1994 c 92 § 84; 1973 1st ex.s. c 53 § 8. Formerly RCW 30.42.080.]
2023 Revised Code of Washington › Title 30A - Washington Commercial Bank Act › Chapter 30A.42 - Alien Banks. › 30A.42.090 - Approval of application—Criteria—Reciprocity.

RCW 30A.42.090
Approval of application—Criteria—Reciprocity.
The director may give or withhold his or her approval of an application by an alien bank to establish an office in this state at his or her discretion. The director's decision shall be based on the information submitted to his or her office in the application required by RCW 30A.42.060 and such additional investigation as the director deems necessary or appropriate. Prior to granting approval to said application, the director shall have ascertained to his or her satisfaction that all of the following are true:
(1) The proposed location offers a reasonable promise of adequate support for the proposed office;
(2) The proposed office is not being formed for other than legitimate objects;
(3) The proposed officers of the proposed office have sufficient banking experience and ability to afford reasonable promise of successful operation;
(4) The reputation and financial standing of the alien bank is such as to command the confidence and warrant belief that the business of the proposed office will be conducted honestly and efficiently in accordance with the intent and purpose of this chapter, as set forth in RCW 30A.42.010;
(5) The principal purpose of establishing such office shall be within the intent of this chapter.
The director shall not grant an application for an office of an alien bank unless the law of the foreign country under which laws the alien bank is organized permits a bank with its principal place of business in this state to establish in that foreign country a branch, agency or similar operation.
[ 2014 c 37 § 214; 1994 c 92 § 85; 1973 1st ex.s. c 53 § 9. Formerly RCW 30.42.090.]