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2005 Washington Revised Code RCW 32.20.320: Investment of funds.

    The trustees of every savings bank shall as soon as practicable invest the moneys deposited with it in the securities prescribed in this title.

         The purchase by a savings bank of a negotiable certificate of deposit or similar security issued by a bank need not be considered a deposit if the certificate or security is eligible for investment by a savings bank under any other provision of this title.

    [1969 c 55 § 8; 1955 c 13 § 32.20.320. Prior: 1929 c 74 § 25; 1925 ex.s. c 86 § 11; 1915 c 175 § 20; RRS § 3381-25.]

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