reglab/statecodes huggingface dataset:
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.28 - Fees and Taxes. › 33.28.040 - Taxation of associations.

RCW 33.28.040
Taxation of associations.
The fees provided for in this title shall be in lieu of all other corporation fees, licenses, or excises for the privilege of doing business, except for business and occupation taxes imposed pursuant to chapter 82.04 RCW, and except for license fees or taxes imposed by a city or town under RCW 82.14A.010, notwithstanding any other provisions of this section.
Neither an association nor its members shall be taxed upon its deposit accounts as property, nor shall a domestic association be taxed upon its real and tangible personal property at a rate greater than any federal association doing business in this state.
An association is an institution for deposits and neither it nor its property shall be taxed under any law which shall exempt banks or other savings institutions, state or federal, from taxation.
For all purposes of taxation, the assets represented by the contingent fund, guaranty fund, and other reserves (other than reserves for expenses and specific losses) of an association shall be deemed its only permanent capital and, in computing any tax, whether property, income, or excise, appropriate adjustments shall be made to give effect to the nature of such association.
[ 1982 c 3 § 58; 1972 ex.s. c 134 § 4; 1970 ex.s. c 101 § 1; 1945 c 235 § 79; Rem. Supp. 1945 § 3717-198. Prior: 1933 c 183 § 86; 1913 c 110 § 17; 1890 p 56 §§ 35, 38.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
Effective date—1972 ex.s. c 134: See RCW 82.14A.900.
Severability—1970 ex.s. c 101: "If any provision of this act, or its application to any person or circumstance is held invalid, the remainder of the act, or the application of the provision to other persons or circumstances is not affected." [ 1970 ex.s. c 101 § 5.]
Effective date—1970 ex.s. c 101: "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 March 1, 1970." [ 1970 ex.s. c 101 § 6.]
City or town license fees or taxes on financial institutions: Chapter 82.14A RCW.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.32 - Foreign Associations. › 33.32.020 - Examinations and reports.

RCW 33.32.020
Examinations and reports.
Unless prohibited by the laws of the state in which it is incorporated, a foreign association or like corporation authorized to do business in this state which, by the laws of the state in which it is incorporated, is required to be examined or to make reports to officers of such state, after each such examination or on the making of each such report, shall furnish to the director a copy of such examination or report, certified by the officer of the state making such examination or receiving the report.
[ 1994 c 92 § 450; 1982 c 3 § 59; 1945 c 235 § 81; Rem. Supp. 1945 § 3717-200. Prior: 1933 c 183 § 87; 1913 c 110 § 21; 1890 p 56 §§ 14, 37.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.32 - Foreign Associations. › 33.32.030 - Subject to state regulations and laws.

RCW 33.32.030
Subject to state regulations and laws.
Except as to those matters relating strictly to its internal management which are governed by provisions of the law of the state of its incorporation inconsistent with this title, a foreign association or like corporation authorized to transact business in this state shall conduct its business in conformance with the provisions of this title and all requirements of the director.
All agreements made by any foreign association or like corporation doing business in this state with any resident of this state shall be deemed and construed to be made within this state.
[ 1994 c 92 § 451; 1982 c 3 § 60; 1945 c 235 § 82; Rem. Supp. 1945 § 3717-201. Prior: 1933 c 183 § 87; 1913 c 110 § 21; 1890 p 56 §§ 9, 14.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.32 - Foreign Associations. › 33.32.050 - Power of attorney for service of process.

RCW 33.32.050
Power of attorney for service of process.
No foreign savings and loan association or like corporation shall do business in this state until it shall file with the director a written irrevocable power of attorney providing that service upon the director of any process issued against it by any court in this state shall constitute valid service of such process upon it. Such service shall be had by serving upon the director two copies of such summons or other process, together with the sum of two dollars. The director, upon receipt of any such summons or other process, shall forthwith transmit, by registered mail, one copy thereof to the principal office of such foreign association or corporation.
[ 1994 c 92 § 452; 1945 c 235 § 84; Rem. Supp. 1945 § 3717-203. Prior: 1933 c 183 § 87; 1890 p 56 §§ 9, 10, 12.]
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.32 - Foreign Associations. › 33.32.060 - Restrictions on out-of-state savings and loan associations.

RCW 33.32.060
Restrictions on out-of-state savings and loan associations.
Subject to other provisions of this chapter, an out-of-state savings and loan association shall be permitted to establish a branch or acquire branches in this state if the out-of-state savings and loan association would be permitted to establish or acquire a branch in Washington state if it were a savings bank chartered under Title 32 RCW or a savings association chartered under this title.
[ 2013 c 76 § 31; 1945 c 235 § 85; Rem. Supp. 1945 § 3717-204. Prior: 1933 c 183 § 88; 1890 p 56 § 13.]
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.32 - Foreign Associations. › 33.32.070 - Failure to comply with title as disqualifying act.

RCW 33.32.070
Failure to comply with title as disqualifying act.
Any foreign savings and loan association or like corporation doing business in this state which fails to comply with any provision of this title as required shall not thereafter transact any business within this state.
[ 1982 c 3 § 61; 1945 c 235 § 86; Rem. Supp. 1945 § 3717-205. Prior: 1933 c 183 § 89; 1913 c 110 § 21; 1890 p 56 §§ 14, 20.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.36 - Prohibited Acts—Penalties. › 33.36.010 - Illegal loans or investments.

RCW 33.36.010
Illegal loans or investments.
Any director, officer, agent, or employee of an association who, on behalf of such association, shall knowingly and wilfully make or participate in making or consent to any loan or investment contrary to the provisions of this title shall be guilty of a gross misdemeanor.
[ 1945 c 235 § 87; Rem. Supp. 1945 § 3717-206. Prior: 1933 c 183 §§ 53, 62, 102, 111; 1919 c 169 § 16; 1913 c 110 § 27.]
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.36 - Prohibited Acts—Penalties. › 33.36.020 - Purchase at discount of accounts or certificates.

RCW 33.36.020
Purchase at discount of accounts or certificates.
Any director, officer, agent, attorney, or employee of an association who, directly or indirectly, shall purchase at a discount any savings account in the association or any certificate or debenture of any segregation corporation holding assets formerly held by the association shall be guilty of a gross misdemeanor.
[ 1945 c 235 § 88; Rem. Supp. 1945 § 3717-207. Prior: 1933 c 183 §§ 62, 101.]
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.36 - Prohibited Acts—Penalties. › 33.36.030 - Preference in case of insolvency.

RCW 33.36.030
Preference in case of insolvency.
Every transfer of its property and assets by any association in this state, made in contemplation of insolvency, or after it becomes insolvent, with a view to the preference of one creditor or member over another, or to prevent the proper distribution of its property and assets among its creditors and members, shall be void.
Every director, officer, agent, or employee making such transfer or assisting therein is guilty of a class C felony as provided in chapter 9A.20 RCW.
[ 1982 c 3 § 62; 1945 c 235 § 89; Rem. Supp. 1945 § 3717-208.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.36 - Prohibited Acts—Penalties. › 33.36.040 - Falsification of books—Exhibiting false document—Making false statement of assets or liabilities.

RCW 33.36.040
Falsification of books—Exhibiting false document—Making false statement of assets or liabilities.
Every person who subscribes to or knowingly makes or causes to be made any false statement or false entry in the books of any association, or knowingly subscribes to or exhibits any false or fictitious security, document, or paper, with intent to deceive any person authorized to examine into the affairs of any association, or knowingly makes or publishes any false statement of the amount of the assets or liabilities of the association, is guilty of a class C felony as provided in chapter 9A.20 RCW.
[ 1982 c 3 § 63; 1945 c 235 § 90; Rem. Supp. 1945 § 3717-209. Prior: 1933 c 183 § 101; 1919 c 169 §§ 12, 18; 1913 c 110 § 19.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.36 - Prohibited Acts—Penalties. › 33.36.050 - False statement affecting financial standing.

RCW 33.36.050
False statement affecting financial standing.
Any person who wilfully instigates, makes, circulates, or transmits to another or others any statement which the person knows to be false concerning the financial condition or affecting the financial standing of any association doing business in this state, or who wilfully counsels, aids, procures or induces another to start, transmit, or circulate any such statement which the person knows to be false, is guilty of a gross misdemeanor.
[ 1982 c 3 § 64; 1945 c 235 § 92; Rem. Supp. 1945 § 3717-211. Prior: 1933 c 183 § 110.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.36 - Prohibited Acts—Penalties. › 33.36.060 - Suppressing, secreting, or destroying evidence or records.

RCW 33.36.060
Suppressing, secreting, or destroying evidence or records.
Any person who, for the purpose of concealing any material fact, suppresses any evidence or abstract, removes, mutilates, destroys, or secretes any book, paper or record of an association, or of the director, or of anyone connected with the association or the office of the director, is guilty of a class C felony as provided in chapter 9A.20 RCW.
[ 1994 c 92 § 453; 1982 c 3 § 65; 1945 c 235 § 91; Rem. Supp. 1945 § 3717-210. Prior: 1933 c 183 § 106; 1919 c 169 § 19.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.40 - Insolvency, Liquidation, Merger. › 33.40.010 - Voluntary liquidation, merger, etc., authorized—Procedure.

RCW 33.40.010
Voluntary liquidation, merger, etc., authorized—Procedure.
Any domestic association may determine to enter upon voluntary liquidation, to transfer its assets and liabilities to another association, to merge with another association, to segregate its assets into classes, to charge off its losses in excess of its reserves.
Any such liquidation, transfer, merger, segregation, or charge-off shall be effected by the vote of a majority in amount of the members present, in person or by proxy, at any regular or special meeting of the members called for such purpose. Notice of such meeting, stating the purpose thereof, shall be given the director at least thirty days prior to the meeting and to the members pursuant to the provisions contained in RCW 33.20.010.
If such liquidation, transfer, merger, segregation, or charge-off be authorized by the members at the meeting, the directors of the association are authorized and shall effect such action, and the officers of the association shall execute all proper conveyances, documents, and other papers necessary or proper thereunto.
[ 1994 c 92 § 454; 1949 c 20 § 9; 1945 c 235 § 102; Rem. Supp. 1949 § 3717-221. Prior: 1935 c 171 § 4; 1933 c 183 §§ 60, 78; 1919 c 169 § 17.]
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.40 - Insolvency, Liquidation, Merger. › 33.40.020 - Director may take possession of domestic association on notice for delinquency.

RCW 33.40.020
Director may take possession of domestic association on notice for delinquency.
Whenever it appears to the director that any domestic association is in an unsound condition or is conducting its business in an unsafe manner or is refusing to submit its books, papers, or concerns to lawful inspection, or that any director or officer thereof refuses to submit to examination on oath touching its concerns and affairs or that it has failed to carry out any authorized order or direction of the director, the director may give notice to the association so offending or delinquent or whose director or officer is thus offending or delinquent to correct such offense or delinquency and, if such association or such director or officer fails to correct the condition, offense, or delinquency within a reasonable time, as determined by the director, the director may take possession of the association.
[ 1994 c 92 § 455; 1982 c 3 § 66; 1945 c 235 § 103; Rem. Supp. 1945 § 3717-222. Prior: 1933 c 183 §§ 68, 71.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.40 - Insolvency, Liquidation, Merger. › 33.40.030 - Possession without notice.

RCW 33.40.030
Possession without notice.
Whenever it shall appear to the director that any association is in an unsound or unsafe condition to continue business or is insolvent, the director may take possession thereof without notice.
[ 1994 c 92 § 456; 1945 c 235 § 104; Rem. Supp. 1945 § 3717-223. Prior: 1933 c 183 §§ 68, 71.]
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.40 - Insolvency, Liquidation, Merger. › 33.40.040 - Procedure on taking possession.

RCW 33.40.040
Procedure on taking possession.
Upon the director taking possession of any domestic association, the director shall proceed to liquidate the association unless, in the director's discretion, the director shall determine to call a meeting of the members to consider either a proportionate charge-off against the deposit accounts to permit the association thereafter to continue in business, or whether the association should proceed to voluntary liquidation under the management of its board of directors. In such event, if the director approves the decision of a majority in amount of the members present and voting, the director shall order such action to be taken.
During any period of voluntary liquidation, the director may take possession of the association and its assets and complete the liquidation whenever, in the director's discretion, this seems advisable.
[ 1994 c 92 § 457; 1982 c 3 § 67; 1945 c 235 § 105; Rem. Supp. 1945 § 3717-224. Prior: 1935 c 171 § 4; 1933 c 183 §§ 70, 72, 78; 1919 c 169 § 13; 1913 c 110 § 20.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.40 - Insolvency, Liquidation, Merger. › 33.40.050 - Involuntary liquidation—Procedure—Federal insurance corporation as liquidator.

RCW 33.40.050
Involuntary liquidation—Procedure—Federal insurance corporation as liquidator.
Whenever the director determines to liquidate the affairs of a domestic association, the director shall cause the attorney general to present to the superior court of the county in which the association has its principal place of business a written petition setting forth the date of the taking of possession, the reasons therefor, and other material facts concerning the affairs of the association and, if the court determines that the association should be liquidated, it shall appoint the director, or other responsible person as recommended by the director, as the liquidator of the association and fix and require a bond to be given by the liquidator conditioned for the faithful performance of the duties as such liquidator, but if the association has the insurance protection provided by Title IV of the National Housing Act, as now or hereafter amended, the court upon the request of the director may tender to the federal savings and loan insurance corporation the appointment as liquidator.
Upon the filing with and approval by the court of the bond, the director or other person appointed shall enter upon the duties as liquidator of the affairs of the association, and, under the direction of the court, shall administer and liquidate the assets thereof and apply the same to the payment of the expenses of liquidation and the debts of the association, and distribute the remainder to the deposit accounts proportionately.
If the court tenders the appointment as liquidator to the federal savings and loan insurance corporation, and if the insurance corporation accepts the appointment, it shall have and possess all the powers and privileges provided by the laws of this state with respect to a liquidator of an association, its depositors and other creditors, and be subject to all the duties of such liquidator, except insofar as such powers, privileges, or duties are in conflict with the provisions of Title IV of the National Housing Act, as now or hereafter amended. In any liquidation proceeding in which the insurance corporation is the liquidator, it may proceed to liquidate without being subject to the control of the court and without bond.
[ 1994 c 92 § 458; 1982 c 3 § 68; 1973 c 130 § 29; 1945 c 235 § 106; Rem. Supp. 1945 § 3717-225. Prior: 1935 c 171 § 4; 1933 c 183 §§ 70, 72, 73, 74, 76, 77, 78; 1919 c 169 § 13; 1913 c 110 § 20.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
Severability—1973 c 130: See note following RCW 33.24.350.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.40 - Insolvency, Liquidation, Merger. › 33.40.060 - Procedure to be as in receivership.

RCW 33.40.060
Procedure to be as in receivership.
In any such liquidation proceeding, the court, except as otherwise in this title expressly provided, shall have the powers and proceed as in receivership proceedings.
[ 1945 c 235 § 107; Rem. Supp. 1945 § 3717-226. Prior: 1935 c 171 § 4; 1933 c 183 §§ 70, 72, 73, 75, 76, 77, 78; 1919 c 169 § 13; 1913 c 110 § 20.]
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.40 - Insolvency, Liquidation, Merger. › 33.40.070 - Liquidator's powers.

RCW 33.40.070
Liquidator's powers.
The liquidator, upon the approval of the court, may sell, discount, or compromise debts of the association and claims against its debtors. The liquidator, with the approval of the court, may lease, operate, repair, exchange, or sell, either for cash or upon terms, the real and personal property of the association.
The liquidator, with the approval of the court, when funds are available, may pay savings members whose balances amount to not more than five dollars, the full amount of the balances.
Checks issued or payments held by the liquidator which remain undelivered for six months following the final liquidation dividend shall be deposited with the director, after which the liquidator shall be discharged by the court. During ten years thereafter, the director shall deliver the checks or payments, or the director's own checks in lieu thereof, to the payee, or his or her legal representative, upon receipt of satisfactory evidence of the payee's right thereto. After the ten years, the director shall cancel all such checks or payments remaining in the director's possession and issue a check against the account for the amount thereof, payable to the state treasurer, and deliver it to the state treasurer. Such payment shall escheat to the state, without further legal proceedings.
[ 1994 c 92 § 459; 1982 c 3 § 69; 1953 c 71 § 10; 1945 c 235 § 108; Rem. Supp. 1945 § 3717-227. Prior: 1935 c 171 § 4; 1933 c 183 §§ 70, 73, 74, 78.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.40 - Insolvency, Liquidation, Merger. › 33.40.075 - Investment of liquidation funds—Use of income.

RCW 33.40.075
Investment of liquidation funds—Use of income.
All funds received by the director from liquidations may be invested by the director. The earnings from the moneys so held may be applied toward defraying the expenses incurred in the liquidations.
[ 1994 c 92 § 460; 1982 c 3 § 70; 1951 c 105 § 1.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.40 - Insolvency, Liquidation, Merger. › 33.40.080 - Disposition of records.

RCW 33.40.080
Disposition of records.
Upon the termination of any liquidation proceeding, any files, records, documents, books of account, or other papers in the possession of the liquidator shall be surrendered into the possession of the director, who, in his or her discretion at any time after the expiration of one year, may destroy any of such files, records, documents, books of account or other papers which appear to him or her to be obsolete or unnecessary for future reference.
[ 1994 c 92 § 461; 1945 c 235 § 109; Rem. Supp. 1945 § 3717-228.]
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.40 - Insolvency, Liquidation, Merger. › 33.40.110 - Voluntary liquidation—Disposition of unclaimed dividends and records.

RCW 33.40.110
Voluntary liquidation—Disposition of unclaimed dividends and records.
In a voluntary liquidation of a domestic association, checks issued in the liquidation or funds representing liquidating dividends or otherwise which remain undelivered for six months following the final liquidating dividend, shall be deposited with the director, together with any files, records, documents, books of account, or other papers of the association. The director, at any time after one year from delivery, may destroy any of such files, records, documents, books of account, or other papers which appear to the director to be obsolete or unnecessary for future reference. During ten years thereafter, the director shall deliver such checks, or the director's own checks in lieu thereof, or portions of such funds to the payee, or the payee's legal representative, upon receipt of satisfactory evidence of the payee's right thereto. After the ten years, the director shall cancel all such checks remaining in the director's possession and issue a check payable to the state treasurer for the amount thereof together with any other liquidating funds, and deliver them to the state treasurer. Such payment shall escheat to the state without further legal proceedings.
[ 1994 c 92 § 462; 1982 c 3 § 71; 1953 c 71 § 11; 1945 c 235 § 112; Rem. Supp. 1945 § 3717-231.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
Revised uniform unclaimed property act: Chapter 63.30 RCW.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.40 - Insolvency, Liquidation, Merger. › 33.40.120 - Removal of liquidator—Appellate review.

RCW 33.40.120
Removal of liquidator—Appellate review.
The court, upon notice and hearing, may remove the liquidator for cause. Appellate review of the order of removal may be sought as in other civil cases.
During the pendency of any appeal, the director of financial institutions shall act as liquidator of the association, without giving any additional bond for the performance of the duties as such liquidator.
If such order of removal shall be affirmed, the director of financial institutions shall name another liquidator for the association, which nominee, upon qualifying as required for receivers generally, shall succeed to the position of liquidator of the association.
[ 1994 c 92 § 463; 1988 c 202 § 34; 1982 c 3 § 72; 1971 c 81 § 86; 1945 c 235 § 113; Rem. Supp. 1945 § 3717-232.]
NOTES:
Rules of court: Appeal procedures superseded by RAP 2.1, 2.2, 18.22.
Severability—1988 c 202: See note following RCW 2.24.050.
Severability—1982 c 3: See note following RCW 33.04.002.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.40 - Insolvency, Liquidation, Merger. › 33.40.130 - Payment of deposits accepted during economic emergency, preference.

RCW 33.40.130
Payment of deposits accepted during economic emergency, preference.
Savings deposits received by an association, during a period or periods of postponement of payment of withdrawals or of acute business depression, panic or economic emergency under authorization or declaration of the director as hereinbefore provided, shall be repaid to the depositors paying in such savings before any liquidation dividends shall be declared or paid if, during such period or periods or at the expiration thereof, the director takes charge of the association for liquidation, as provided in this title.
[ 1994 c 92 § 464; 1982 c 3 § 73; 1945 c 235 § 100; Rem. Supp. 1945 § 3717-219.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.40 - Insolvency, Liquidation, Merger. › 33.40.150 - Appointment of provisional officers and directors.

RCW 33.40.150
Appointment of provisional officers and directors.
(1) The director of financial institutions, after exercising the authority granted in RCW 33.16.040, may appoint provisional officers and directors, in whole or in part, of an association.
(2) Notice of the appointment shall be served upon the association, and the appointment shall take effect immediately and shall remain in effect until a successor is chosen in accordance with the association's bylaws.
[ 1994 c 92 § 465; 1985 c 239 § 2.]
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.43 - Conversion to and From Federal Association. › 33.43.010 - Conversion of domestic association to federal association.

RCW 33.43.010
Conversion of domestic association to federal association.
Any domestic association may convert itself into a federal mutual or stock savings and loan association. Any such conversion shall be effected by the vote of a majority in amount of the members present, in person or by proxy, at any regular or special meeting of the members called for such purpose. Notice of such meeting, stating the purpose thereof, shall be given the director at least thirty days prior to the meeting and to the members pursuant to the provisions contained in RCW 33.20.010.
If such conversion be authorized by the members at the meeting, the directors of the association are authorized and shall effect such action, and the officers of the association shall execute all proper conveyances, documents, and other papers necessary or proper thereunto.
If conversion be authorized, a copy of the minutes of the meeting shall be filed forthwith with the director.
Upon consummation of such conversion, the successor federal savings and loan association shall succeed to all right, title, and interest of the domestic association in and to its assets, and to its liabilities to the creditors and members of the association. Upon such conversion, after the execution and delivery of all instruments of transfer, conveyance and assignment, the domestic association shall be deemed dissolved.
[ 1994 c 92 § 466; 1982 c 3 § 74; 1949 c 20 § 10; 1945 c 235 § 116; Rem. Supp. 1949 § 3717-235. Prior: 1933 ex.s. c 15 §§ 1 through 6. Formerly RCW 33.44.100.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.43 - Conversion to and From Federal Association. › 33.43.020 - Federal association—Powers.

RCW 33.43.020
Federal association—Powers.
Every federal savings and loan association, the home office of which is located in this state, and the savings accounts therein shall have all the rights, powers and privileges and be entitled to the same immunities and exemptions as pertain to savings and loan associations organized under the laws of this state.
[ 1945 c 235 § 117; Rem. Supp. 1945 § 3717-236. Prior: 1939 c 98 § 9; 1933 c 183 § 50. Formerly RCW 33.44.110.]
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.43 - Conversion to and From Federal Association. › 33.43.030 - Conversion of federal association to domestic association.

RCW 33.43.030
Conversion of federal association to domestic association.
Any federal savings and loan association the home office of which is located in this state may convert itself into a domestic savings and loan association of this state. For any such conversion, such federal association shall proceed as provided in this title for the conversion of a domestic association into a federal association.
Upon consummation of such conversion, the successor domestic association shall succeed to all right, title, and interest of the federal association in and to its assets, and to its liabilities to the creditors and members of such federal association.
[ 1945 c 235 § 118; Rem. Supp. 1945 § 3717-237. Prior: 1939 c 98 § 1. Formerly RCW 33.44.120.]
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.44 - Conversion to Mutual Savings Bank. › 33.44.080 - Depositor's interest upon conversion.

RCW 33.44.080
Depositor's interest upon conversion.
Upon the conversion of any association into a savings bank or commercial bank, every person who was a depositor of the association at the time of the conversion shall become and be deemed to be a depositor of the bank in a sum equal to the value of the deposit of the depositor as of the day on which the conversion was consummated.
[ 1982 c 3 § 76; 1927 c 177 § 2; 1917 c 154 § 2; RRS § 3755.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.44 - Conversion to Mutual Savings Bank. › 33.44.090 - Transfer of securities upon conversion.

RCW 33.44.090
Transfer of securities upon conversion.
All mortgages, notes and other securities of any association that has been converted into a savings bank or commercial bank, shall on request of the bank, be delivered to it by the director of financial institutions or under the director's direction by any depositary having possession thereof. Every such bank shall, as soon as practicable and within such time and by such methods as the director may direct, cause its organization, its securities and investments, the character of its business and its methods of transacting the same to conform to the laws applicable to savings banks or commercial banks, as applicable.
[ 1994 c 92 § 468; 1982 c 3 § 77; 1927 c 177 § 3; 1917 c 154 § 3; RRS § 3756.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.44 - Conversion to Mutual Savings Bank. › 33.44.125 - Waiver of chapter requirements.

RCW 33.44.125
Waiver of chapter requirements.
If, in the opinion of the director of financial institutions, it is necessary for any of the requirements of this chapter to be waived in order to permit an association which is in danger of failing to convert its charter to that of a commercial bank or a savings bank so that the association may be acquired by a commercial bank or a savings bank or a bank holding company, then the director may waive any such requirement.
[ 1994 c 92 § 469; 1982 c 3 § 78.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.44 - Conversion to Mutual Savings Bank. › 33.44.130 - Rules implementing chapter—Standard.

RCW 33.44.130
Rules implementing chapter—Standard.
The director of financial institutions shall adopt such rules under the administrative procedure act, chapter 34.05 RCW, as are necessary to implement this chapter in a manner which protects the relative interests of members, depositors, borrowers, stockholders, and creditors.
[ 1994 c 92 § 470; 1982 c 3 § 79.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.46 - Conversion of Savings Bank or Commercial Bank to Association. › 33.46.010 - Definitions.

RCW 33.46.010
Definitions.
As used in this chapter, unless the context indicates otherwise:
(1) "Association" means any association organized under the laws of this state or the laws of the United States of America;
(2) "Director" means a member of the board of directors of an association, savings bank, or commercial bank, as applicable;
(3) "Bank" means a savings bank or commercial bank organized under the laws of this state; and
(4) "Trustee" means a member of the managing board of a mutual savings bank.
[ 1982 c 3 § 80; 1975 1st ex.s. c 83 § 1.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.46 - Conversion of Savings Bank or Commercial Bank to Association. › 33.46.020 - Conversion of bank to association—Procedure.

RCW 33.46.020
Conversion of bank to association—Procedure.
Any bank may be converted into an association in the following manner:
(1) The trustees or directors of the bank shall pass, by at least a two-thirds favorable vote of all trustees or directors, a resolution declaring its intention to convert the bank into an association, specifying in such resolution the type of association and whether the association is to be organized under the laws of this state, or is to be organized under the laws of the United States of America. If the association is to be a state association the bank shall apply to the director of financial institutions for authority to convert into an association. The application shall include a proposal which sets forth the method by and extent to which membership or stockholder interests, as the case may be, in the bank are to be converted into membership or shareholder interest, as the case may be, in the association, and the proposal shall allow for any member or stockholder to withdraw the value of his or her interest at any time within sixty days of the completion of the conversion. The proposal is subject to the approval of the director of financial institutions and shall conform to all applicable regulations of the federal deposit insurance corporation, the federal home loan bank board, the federal savings and loan insurance corporation, or other federal regulatory agency.
(2) The director of financial institutions shall, in the case of an application to convert into a state association, make the same investigation and determine the same questions as he or she would be required by law to make in determining the case of submission to him or her of articles of incorporation of a proposed new state association, and shall also determine whether the proposed conversion would serve the needs and conveniences of the depositors of the bank.
(3) The director of financial institutions shall grant or deny the application within sixty days of its date of filing and shall immediately notify the secretary of the bank of the decision.
[ 1994 c 92 § 471; 1982 c 3 § 81; 1975 1st ex.s. c 83 § 2.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.46 - Conversion of Savings Bank or Commercial Bank to Association. › 33.46.030 - Cash contributions to expense fund if becoming domestic mutual association.

RCW 33.46.030
Cash contributions to expense fund if becoming domestic mutual association.
If the application to become a domestic mutual association is granted, the director of financial institutions shall require the applicant to enter into an agreement or undertaking with the director, as trustee for the members of the association, to make such cash contributions to an expense fund of the mutual association as in the director's judgment will be necessary then and from time to time thereafter to pay the operating expenses of the association if its earnings should not be sufficient to pay the same in addition to the payment of such dividends as may be declared and credited to members from its earnings.
[ 1994 c 92 § 472; 1982 c 3 § 82; 1975 1st ex.s. c 83 § 3.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.46 - Conversion of Savings Bank or Commercial Bank to Association. › 33.46.040 - Appeal from denial of application.

RCW 33.46.040
Appeal from denial of application.
If the application is denied by the director of financial institutions, the bank, acting by a two-thirds majority of its trustees or directors, may, within thirty days after receiving notice of such denial, appeal to the superior court of Thurston county pursuant to the provisions of the administrative procedure act, chapter 34.05 RCW.
[ 1994 c 92 § 473; 1982 c 3 § 83; 1975 1st ex.s. c 83 § 4.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.46 - Conversion of Savings Bank or Commercial Bank to Association. › 33.46.050 - Certificate of reincorporation—Required—Filing—Contents.

RCW 33.46.050
Certificate of reincorporation—Required—Filing—Contents.
If the application is granted by the director of financial institutions, or by the court, the trustees or directors of the bank shall, within thirty days thereafter, subscribe, acknowledge, and file with the director of financial institutions, in triplicate, a certificate of reincorporation stating:
(1) The name by which the association is to be known;
(2) The place where the association is to be located and its business transacted, naming the city or town and the county, which city or town shall be the same as that where the principal place of business of the bank has theretofore been located;
(3) The name, occupation, residence, and post office address of each signer of the certificate;
(4) The amount of the assets of the association, the amount of its liabilities, and the amount of its contingent, expense, or guaranty fund, as applicable, as of the first day of the calendar month during which the certificate is filed; and
(5) A declaration that each signer will accept the responsibilities and faithfully discharge the duties of a director of the association, and is free from all the disqualifications specified in the laws applicable to savings and loan associations.
[ 1994 c 92 § 474; 1982 c 3 § 84; 1981 c 302 § 35; 1975 1st ex.s. c 83 § 5.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
Severability—1981 c 302: See note following RCW 19.76.100.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.46 - Conversion of Savings Bank or Commercial Bank to Association. › 33.46.060 - Issuance of authorization certificate—Filing—Completion of conversion—Effect.

RCW 33.46.060
Issuance of authorization certificate—Filing—Completion of conversion—Effect.
Upon filing the certificate in triplicate as provided in RCW 33.46.050, the director of financial institutions shall, within thirty days thereafter, if satisfied that all the provisions of this chapter have been complied with, issue in triplicate an authorization certificate stating that the association has complied with all of the requirements of law, and that it has authority to transact, at the place or places designated in its certificate, the business of an association. The director of financial institutions shall retain one set of the triplicate originals of the certificate of reincorporation and of the certificate of authorization and shall transmit the other two sets to the association, which shall retain one set, and file one set with the secretary of state, paying the required fees. Upon such filings being made, the conversion of the bank to the association shall be deemed complete and consummated, and the association shall thereupon be a corporation having the powers and being subject to the duties and obligations prescribed by the laws of this state applicable to state associations, and the time of existence of such association shall be perpetual, unless sooner terminated.
[ 1994 c 92 § 475; 1982 c 3 § 85; 1981 c 302 § 36; 1975 1st ex.s. c 83 § 6.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
Severability—1981 c 302: See note following RCW 19.76.100.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.46 - Conversion of Savings Bank or Commercial Bank to Association. › 33.46.070 - Depositor's interest upon conversion.

RCW 33.46.070
Depositor's interest upon conversion.
Upon the conversion of a bank into an association, every person who was a depositor of the bank at the time of the conversion shall become and be deemed to be a depositor of the association in a sum equal to the value of the deposits of the depositor in the bank as of the day on which the conversion was consummated.
[ 1982 c 3 § 86; 1975 1st ex.s. c 83 § 7.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.46 - Conversion of Savings Bank or Commercial Bank to Association. › 33.46.080 - Transfer of securities—Conformance to state association laws, when.

RCW 33.46.080
Transfer of securities—Conformance to state association laws, when.
All mortgages, notes, and other securities of any bank that has been converted into an association shall, on request of the association, be delivered to it by the director of financial institutions or, under the direction of the director, by any depository having possession thereof. If the association is a state association it shall, as soon as practicable and within such time and by such methods as the director may direct, cause its organization, its securities and investments, the character of its business, and its methods of transacting the same to conform to the laws applicable to state associations.
[ 1994 c 92 § 476; 1982 c 3 § 87; 1975 1st ex.s. c 83 § 8.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.46 - Conversion of Savings Bank or Commercial Bank to Association. › 33.46.090 - Assets, liabilities, etc., vested in association upon conversion.

RCW 33.46.090
Assets, liabilities, etc., vested in association upon conversion.
Upon a conversion being consummated all assets, rights and properties of the bank shall vest in and be the property of the association and all liabilities, debts, and obligations of the bank shall be the liabilities, debts, and obligations of the association and any right can be enforced by or against the association the same as it could have been enforced by or against the bank if the conversion had not occurred.
[ 1975 1st ex.s. c 83 § 9.]
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.46 - Conversion of Savings Bank or Commercial Bank to Association. › 33.46.100 - Initial meeting of shareholders of domestic association—Notice—Proxy voting.

RCW 33.46.100
Initial meeting of shareholders of domestic association—Notice—Proxy voting.
Within twelve months following consummation of the conversion, the directors of a domestic association shall call a meeting of the members for the purpose of electing directors and conducting such other business of the association as is appropriate. Notice of such meeting shall be mailed not less than ten nor more than thirty days in advance of the meeting to the last known address of each member. The notice may also include a proxy form authorizing any one or more persons, who may be directors or officers of the association, selected by the directors, to vote on behalf of any member executing such proxy.
[ 1982 c 3 § 88; 1975 1st ex.s. c 83 § 10.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.46 - Conversion of Savings Bank or Commercial Bank to Association. › 33.46.110 - Conversion to federal association—Procedure.

RCW 33.46.110
Conversion to federal association—Procedure.
If the bank specifies in the resolution that it intends to become a federal association, it shall proceed to make all filings and do all things which are required by federal laws and regulations to qualify as and become a federal association, and when all such things have been accomplished and a charter has been issued by the appropriate federal agency, the bank shall thereupon cease to be a bank organized under the laws of this state.
[ 1982 c 3 § 89; 1975 1st ex.s. c 83 § 11.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.46 - Conversion of Savings Bank or Commercial Bank to Association. › 33.46.130 - Rules implementing chapter—Standard.

RCW 33.46.130
Rules implementing chapter—Standard.
The director of financial institutions shall adopt such rules under the administrative procedure act, chapter 34.05 RCW, as are necessary to implement this chapter in a manner which protects the relative interests of members, depositors, borrowers, stockholders, and creditors.
[ 1994 c 92 § 477; 1982 c 3 § 90.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.48 - Stock Associations. › 33.48.025 - Applicability of chapter 23B.06 RCW.

RCW 33.48.025
Applicability of chapter 23B.06 RCW.
Except to the extent provided otherwise in this title, stock associations are subject to the provisions of chapter 23B.06 RCW.
[ 1991 c 72 § 51; 1982 c 3 § 91; 1981 c 84 § 4.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
2023 Revised Code of Washington › Title 33 - Washington Savings Association Act › Chapter 33.48 - Stock Associations. › 33.48.030 - Minimum amount of permanent stock required—Preferred or special classes of shares authorized.

RCW 33.48.030
Minimum amount of permanent stock required—Preferred or special classes of shares authorized.
Stock associations shall have permanent stock which may be issued with or without par value but with a statement of value of nonpar stock in accordance with Title 23B RCW. The minimum amount of such stock shall be twenty-five thousand dollars in the case of associations outside of incorporated cities, or in cities of less than twenty-five thousand population. Associations located in cities of greater population shall have as a minimum, fifty thousand dollars of such stock. The board of such association is authorized and directed to issue and maintain the stock in the following percentages: Three percent upon the first five million dollars; two percent upon the next three million dollars, and one percent upon all additional withdrawable savings: PROVIDED, That associations whose savings are insured by the Federal Savings and Loan Insurance Corporation shall not be required to maintain stock in excess of three hundred thousand dollars. A stock association may issue preferred or special classes of shares as provided in chapter 23B.06 RCW.
[ 1991 c 72 § 52; 1982 c 3 § 92; 1981 c 84 § 1; 1969 c 107 § 7; 1963 c 246 § 9; 1955 c 122 § 4.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.