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2009 Washington Code
Title 31 - Miscellaneous loan agencies
Chapter 31.20 - Development credit corporations.
31.20.110 - Funds to be deposited in designated depository.

Funds to be deposited in designated depository.

A development credit corporation shall not deposit any of its funds in any institution unless such institution has been designated as a depository by a vote of a majority of the directors, exclusive of the vote of any director who is an officer or director of the depository so designated.

[1959 c 213 ยง 11.]

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