2012 Revised Code of Washington
Title 30 - BANKS AND TRUST COMPANIES
30.42 Alien banks.
30.42.080 Separate assets -- Books and records -- Priority as to assets.
RCW 30.42.080 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.]
Disclaimer: These codes may not be the most recent version. Washington may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
