2012 Revised Code of Washington
Title 30 - BANKS AND TRUST COMPANIES
30.42 Alien banks.
30.42.105 Power to make loans and to guarantee obligations.
RCW 30.42.105 Power to make loans and to guarantee obligations.
An approved branch of an alien bank shall have the same power to make loans and guarantee obligations as a state bank chartered pursuant to Title 30 RCW: PROVIDED, HOWEVER, That the base for computing the applicable loan limitation shall be the entire capital and surplus of the alien bank. The director may adopt rules limiting the amount of loans to full-time employees of the branch.
[1994 c 92 § 87; 1982 c 95 § 4.]
Notes:
| Effective date -- 1982 c 95: See note following RCW 30.42.070.
|
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.
