Title 30A — Title 30A WASHINGTON COMMERCIAL BANK ACT
18 chapters · 298 sections in this title.
RCW 30A.04.470 Order to refrain from violations or practices—Administrative hearing or judicial review.
3.2K chars
(1) Any administrative hearing provided in RCW 30A.04.450 or 30A.12.042 must be conducted in accordance with chapter 34.05 RCW and held at the place designated by the director, and may be conducted by the department. The hearing shall be private unless the director determines tha…
RCW 30A.04.475 Order to refrain from violations or practices—Jurisdiction of courts in enforcement or issuance of orders, injunctions, or judicial review.
0.8K chars
(1) The director may apply to the superior court of the county of the principal place of business of the bank affected for the enforcement of any effective and outstanding order issued under RCW 30A.04.450, 30A.04.455, 30A.04.465, or 30A.12.042, and the court shall have jurisdict…
RCW 30A.04.500 Fairness in lending act—Short title.
0.2K chars
RCW 30A.04.505 through 30A.04.515 shall be known and may be cited as the "fairness in lending act".[ 2014 c 37 s 142; 1977 ex.s. c 301 s 10. Formerly RCW 30.04.500.]Notes:Unfair practices of financial institutions: RCW 49.60.175.
RCW 30A.04.505 Fairness in lending act—Definitions.
1.2K chars
As used in RCW 30A.04.505 through 30A.04.515:(1) "Financial institution" means any bank, savings bank, credit union, mortgage company, or savings and loan association which operates or has a place of business in this state whether regulated by the state or federal government.(2) …
RCW 30A.04.510 Fairness in lending act—Unlawful practices.
0.6K chars
Subject to RCW 30A.04.515, it shall be unlawful for any financial institution, in processing any application for a loan to be secured by a single-family residence to:(1) Deny or vary the terms of a loan on the basis that a specific parcel of real estate offered as security is loc…
RCW 30A.04.515 Fairness in lending act—Sound underwriting practices not precluded.
0.6K chars
Nothing contained in RCW 30A.04.505 through [and] 30A.04.510 shall preclude a financial institution from considering sound underwriting practices in processing any application for a loan to any person. Such practices shall include the following:(1) The willingness and the financi…
RCW 30A.04.550 Reorganization as subsidiary of bank holding company—Authority.
0.8K chars
A state banking corporation may, with the approval of the director and the affirmative vote of the shareholders of such corporation owning at least two-thirds of each class of shares entitled to vote under the terms of such shares, be reorganized to become a subsidiary of a bank …
RCW 30A.04.555 Reorganization as subsidiary of bank holding company—Procedure.
1.6K chars
A reorganization authorized under RCW 30A.04.550 shall be carried out in the following manner:(1) A plan of reorganization specifying the manner in which the reorganization shall be carried out must be approved by a majority of the entire board of directors of the banking corpora…
RCW 30A.04.560 Reorganization as subsidiary of bank holding company—Dissenter's rights—Conditions.
1.0K chars
If the shareholders approve the reorganization by a two-thirds vote of each class of shares entitled to vote under the terms of such shares, and if it is thereafter approved by the director and consummated, any shareholder of the banking corporation who has voted shares against s…
RCW 30A.04.565 Reorganization as subsidiary of bank holding company—Valuation of shares of dissenting shareholders.
1.7K chars
The value of the shares of a dissenting shareholder who has properly perfected dissenter's rights shall be ascertained as of the day prior to the date of the shareholder action approving such reorganization by three appraisers, one to be selected by the owners of two-thirds of th…
RCW 30A.04.570 Reorganization as subsidiary of bank holding company—Approval of director—Certificate of reorganization—Exchange of shares.
1.0K chars
The reorganization and exchange authorized by RCW 30A.04.550 through 30A.04.570 shall become effective as follows:(1) If the board of directors and shareholders of the state banking corporation and the board of directors of the acquiring corporation approve the plan of reorganiza…
RCW 30A.04.575 Public hearing prior to approval of reorganization—Request.
0.9K chars
Prior to the approval of the reorganization, the director, upon request of the board of directors of the bank, or not less than ten percent of its shareholders, shall hold a public hearing at which bank shareholders and other interested parties may appear. Notice of the public he…
RCW 30A.04.600 Shareholders—Actions authorized without meetings—Written consent.
0.6K chars
Any action required by this title to be taken at a meeting of the shareholders of a corporation, or any action that may be taken at a meeting of the shareholders, may be taken without a meeting if a consent in writing, setting forth the action so taken, is signed by all of the sh…
RCW 30A.04.605 Directors, committees—Actions authorized without meetings—Written consent.
0.6K chars
Unless otherwise provided by the articles of incorporation or bylaws, any action required by this title to be taken at a meeting of the directors of a bank or trust company, or any action which may be taken at any meeting of the directors or of a committee, may be taken without a…
RCW 30A.04.610 Directors, committees—Meetings authorized by conference telephone or similar communications equipment.
0.5K chars
Except as may be otherwise restricted by the articles of incorporation or bylaws, members of the board of directors or any committee designated by the board of directors may participate in a meeting of the board or committee by means of a conference telephone or similar communica…
RCW 30A.04.650 Automated teller machines and night depositories security.
0.2K chars
Chapter 19.174 RCW applies to automated teller machines and night depositories regulated under this title.[ 1993 c 324 s 10. Formerly RCW 30.04.650.]Notes:Effective date—1993 c 324: See RCW 19.174.900.
RCW 30A.04.902 Effective date—2014 c 37.
0.2K chars
This act takes effect January 5, 2015. The director of financial institutions may immediately take such steps as are necessary to ensure that this act is implemented on its effective date.[ 2014 c 37 s 5.]