2011 Washington Code
Title 30 Banks and trust companies
30.08 Organization and powers.
30.08.092 Increase or decrease of capital stock authorized.
A bank or trust company may increase or decrease its capital stock by amendment to its articles of incorporation. No issuance of capital stock shall be valid, until the amount thereof shall have been actually paid in. No reduction of the capital stock shall be made to an amount less than is required for capital by the director.
[1994 c 256 § 48; 1994 c 92 § 55; 1987 c 420 § 4.]
Notes:
Reviser's note: This section was amended by 1994 c 92 § 55 and by 1994 c 256 § 48, each without reference to the other. Both amendments are incorporated in the publication of this section pursuant to RCW 1.12.025(2). For rule of construction, see RCW 1.12.025(1).
Findings -- Construction -- 1994 c 256: See RCW 43.320.007.
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.
