Title 30A — Title 30A WASHINGTON COMMERCIAL BANK ACT
18 chapters · 298 sections in this title.
RCW 30A.49.010 Definitions.
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As used in this chapter:"Merging bank" means a party to a merger;"Converting bank" means a bank converting from a state to a national bank, or the reverse;"Merger" includes consolidation;"Resulting bank" means the bank resulting from a merger or conversion.Wherever reference is m…
RCW 30A.49.020 State bank to resulting national bank—Laws applicable—Vote required—Termination of franchise.
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This section is applicable where there is to be a resulting national bank.Nothing in the law of this state shall restrict the right of a state bank to merge with or convert into a resulting national bank. The action to be taken by such merging or converting state bank and its rig…
RCW 30A.49.030 State or national bank to resulting state bank—Law applicable to nationals.
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This section is applicable where there is to be a resulting state bank.Upon approval by the director, state or national banks may be merged to result in a state bank, or a national bank may convert into a state bank as hereafter prescribed, except that the action by a national ba…
RCW 30A.49.040 Merger to resulting state bank—Exception—Agreement, contents, approval, amendment.
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This section is applicable where there is to be a resulting state bank, except in the case of reorganization and exchange as authorized by this title.(1) The board of directors of each merging state bank shall, by a majority of the entire board, approve a merger agreement which s…
RCW 30A.49.050 Merger to resulting state bank—Stockholders' vote—Notice of meeting—Waiver of notice.
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To be effective, a merger which is to result in a state bank must be approved by the stockholders of each merging state bank by a vote of two-thirds of the outstanding voting stock of each class at a meeting called to consider such action, which vote shall constitute the adoption…
RCW 30A.49.060 Merger to resulting state bank—Effective date—Termination of charters—Certificate of merger.
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A merger which is to result in a state bank shall, unless a later date is specified in the agreement, become effective after the filing with and upon the approval of the director of the executed agreement together with copies of the resolutions of the stockholders of each merging…
RCW 30A.49.070 Conversion of national to state bank—Requirements—Procedure.
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Except as provided in RCW 30A.49.100, a national bank located in this state which follows the procedure prescribed by the laws of the United States to convert into a state bank shall be granted a state charter by the director if he or she finds that the bank meets the standards a…
RCW 30A.49.080 Resulting bank as same business and corporate entity—Use of name of merging, converting bank.
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A resulting state or national bank shall be the same business and corporate entity as each merging state or national bank or as the converting state or national bank with all property, rights, powers and duties of each merging state or national bank or the converting state or nat…
RCW 30A.49.090 Rights of dissenting shareholder—Appraisal—Amount due as debt.
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The owner of shares of a state bank which were voted against a merger to result in a state bank, or against the conversion of a state bank into a national bank, shall be entitled to receive their value in cash, if and when the merger or conversion becomes effective, upon written …
RCW 30A.49.100 Provision for successors to fiduciary positions.
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Where a resulting state bank is not to exercise trust powers, the director shall not approve a merger or conversion until satisfied that adequate provision has been made for successors to fiduciary positions held by the merging state or national banks or the converting state or n…
RCW 30A.49.110 Assets, business—Time for conformance with state law.
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If a merging or converting state or national bank has assets which do not conform to the requirements of state law for the resulting state bank or carries on business activities which are not permitted for the resulting state bank, the director may permit a reasonable time to con…
RCW 30A.49.120 Resulting state bank—Valuation of certain assets limited.
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Without approval by the director no asset shall be carried on the books of the resulting state bank at a valuation higher than that on the books of the merging or converting state or national bank at the time of its last examination by a state examiner or national bank examiner b…
RCW 30A.49.125 Resulting bank has branches inside and outside of state—Application—Definitions—Combination or purchase and assumption requires director's approval—Deposit concentration limits.
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(1) This section is applicable where the resulting bank would have branches inside and outside the state of Washington.(2) As used in this section, unless a different meaning is required by the context, the following words and phrases have the following meanings:(a) "Combination"…
RCW 30A.49.130 Severability—1955 c 33.
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If any provision of this chapter or the application thereof to any person or circumstance is held invalid, such invalidity shall not affect other provisions or applications of the chapter which can be given effect without the invalid provision or application, and to this end the …