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8 chapters · 280 sections in this title.
RCW 31.20.010 Creation under general corporation laws authorized.
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Organizations to provide development credit are authorized to be created under the general corporation laws of the state, with all of the powers, privileges and immunities conferred on corporations by such laws. [ 1959 c 213 s 1.]
RCW 31.20.020 Purposes specified.
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The purposes of development credit corporations as authorized herein shall be: (1) To promote, aid, and, through the united efforts of the institutions and corporations which shall from time to time become members thereof, develop and advance the industrial and business prosperit…
RCW 31.20.030 Corporate powers.
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In furtherance of the purposes set forth in RCW 31.20.020, and in addition to the powers conferred by the general laws relating to corporations, this corporation shall, subject to the restrictions and limitations set forth in this chapter, have the following powers: (1) To borrow…
RCW 31.20.040 Minimum capital stock.
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No development credit corporation shall be organized with a capital stock of less than twenty-five thousand dollars, which shall be paid into the treasury of the corporation in cash before the corporation shall be authorized to transact any business other than such as relates to …
