™Your Policy Risk Impact Agent
18 chapters · 298 sections in this title.
RCW 30A.46.010 Definitions.
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The definitions in this section apply throughout this chapter unless the context clearly requires otherwise. (1) "Unsafe condition" shall mean and include, but not be limited to, any one or more of the following circumstances: (a) If a bank is less than well-capitalized; (b) If a…
RCW 30A.46.020 Grounds for determining need for supervisory direction—Abatement of determination—Supervisory direction, procedure—Conservator, immunity.
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(1) If upon examination or at any other time it appears to the director that any bank is in an unsafe condition and its condition is such as to render the continuance of its business hazardous to the public or to its depositors and creditors, or if such bank appears to have excee…
RCW 30A.46.030 Supervisory direction—Appointment of representative to supervise—Restrictions on operations.
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During the period of supervisory direction the director may appoint a representative to supervise such bank and may provide that the bank may not do any of the following during the period of supervisory direction, without the prior approval of the director or the appointed repres…
RCW 30A.46.040 Conservator—Appointment—Grounds—Powers, duties, and functions.
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After the period of supervisory direction specified by the director for compliance, if he or she determines that such bank has failed to comply with the lawful requirements imposed, upon due notice and hearing or by consent of the bank, the director may appoint a conservator, who…
