2005 Washington Revised Code RCW 30.04.010: Definitions.

Unless the context clearly requires otherwise, the definitions in this section apply throughout this title.

     (1) "Banking" shall include the soliciting, receiving or accepting of money or its equivalent on deposit as a regular business.

     (2) "Bank," unless a different meaning appears from the context, means any corporation organized under the laws of this state engaged in banking, other than a trust company, savings association, or a mutual savings bank.

     (3) "Branch" means any established office of deposit, domestic or otherwise, maintained by any bank or trust company other than its head office. "Branch" does not mean a machine permitting customers to leave funds in storage or communicate with bank employees who are not located at the site of the machine, unless employees of the bank at the site of the machine take deposits on a regular basis. An office or facility of an entity other than the bank shall not be deemed to be established by the bank, regardless of any affiliation, accommodation arrangement, or other relationship between the other entity and the bank.

     (4) The term "trust business" shall include the business of doing any or all of the things specified in RCW 30.08.150 (2), (3), (4), (5), (6), (7), (8), (9), (10) and (11).

     (5) "Trust company," unless a different meaning appears from the context, means any corporation organized under the laws of this state engaged in trust business.

     (6) "Person" unless a different meaning appears from the context, shall include a firm, association, partnership or corporation, or the plural thereof, whether resident, nonresident, citizen or not.

     (7) "Director" means the director of financial institutions.

     (8) "Foreign bank" and "foreign banker" shall include:

     (a) Every corporation not organized under the laws of the territory or state of Washington doing a banking business, except a national bank;

     (b) Every unincorporated company, partnership or association of two or more individuals organized under the laws of another state or country, doing a banking business;

     (c) Every other unincorporated company, partnership or association of two or more individuals, doing a banking business, if the members thereof owning a majority interest therein or entitled to more than one-half of the net assets thereof are not residents of this state;

     (d) Every nonresident of this state doing a banking business in his or her own name and right only.

[1997 c 101 § 3; 1996 c 2 § 2; 1994 c 92 § 7; 1959 c 106 § 1; 1955 c 33 § 30.04.010. Prior: 1933 c 42 § 2; 1917 c 80 § 14; RRS § 3221.]

Severability -- 1996 c 2: See RCW 30.38.900.