™Your Policy Risk Impact Agent
14 chapters · 295 sections in this title.
RCW 32.50.005 Definitions.
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The definitions in this section apply throughout this chapter unless the context clearly requires otherwise. (1) "Unsafe condition" means and includes, but is not limited to, any one or more of the following circumstances: (a) If a savings bank is less than well-capitalized; (b) …
RCW 32.50.010 Determination of unsafe condition—Notice—List of director's requirements—Conservator.
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If upon examination or at any other time it appears to the director that any savings bank is in an unsafe condition and its condition is such as to render the continuance thereof hazardous to the public or to its depositors or trust beneficiaries and creditors, or if such savings…
RCW 32.50.020 Director may appoint representative—Restrictions placed on savings bank.
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During the period of supervisory direction the director may appoint a representative to supervise such savings bank and may provide that the savings bank may not do any of the following during the period of supervisory direction, without the prior approval of the director or the …
RCW 32.50.030 Failure of savings bank to comply—Appointment of conservator—Powers and duties of conservator, immunity.
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(1) After the period of supervisory direction specified by the director for compliance, if he or she determines that such savings bank has failed to comply with the lawful requirements imposed, upon due notice and hearing by the department or by consent of the savings bank, the d…
