Title 33 — Title 33 WASHINGTON SAVINGS ASSOCIATION ACT
15 chapters · 162 sections in this title.
RCW 33.12.010 Powers in general.
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An association shall have the same capacity to act as possessed by natural persons. An association has authority to perform such acts as are necessary or proper to accomplish its purposes.In addition to any other power an association may have, an association has authority:(1) To …
RCW 33.12.012 Additional powers of an association—Powers conferred upon federal savings and loan association as of December 31, 1993, or a subsequent date not later than July 28, 2013—Powers of an out-of-state state savings association.
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(1) Notwithstanding any other provision of law, in addition to all powers and authorities, express or implied, that an association has under this title, an association may exercise any of the powers and authorities that a federal savings and loan association had on December 31, 1…
RCW 33.12.014 Powers conferred upon federal savings and loan association—Reserve or other requirements—Authority of director to adopt by rule—Conditions.
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Notwithstanding any other provision of law, in addition to all powers and authorities, express or implied, that an association has under this title, the director may make reasonable rules authorizing an association to exercise any of the powers and authorities conferred at the ti…
RCW 33.12.015 Safe deposit companies.
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See chapter 22.28 RCW.
RCW 33.12.060 Dealings with directors, officers, agents, employees prohibited—Exception.
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An association shall make no loan to or sell to or purchase any real property or securities from any director, officer, agent, or employee of an association except to the extent permitted to or from a director, officer, agent, or employee of a federal savings association.[ 1994 c…
RCW 33.12.140 Expense and contingent funds.
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Before any association is authorized to receive deposits or transact any business, its incorporators shall create an expense fund, in such amount as the director may determine, from which the expense of organizing the association and its operating expenses may be paid until such …
RCW 33.12.150 Contingent fund as reserve—Members' rights to fund limited.
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The contingent fund shall constitute a reserve for the absorption of losses of a mutual association.Members do not have, individually or collectively, any right or claim to the contingent fund except upon dissolution of the association.[ 1982 c 3 s 27; 1981 c 84 s 3; 1963 c 246 s…
RCW 33.12.170 May borrow from home loan bank.
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See RCW 30A.32.030.Notes:Home loan bank as depositary: RCW 30A.32.040.Investment in federal home loan bank stock or bonds authorized: RCW 30A.32.020.
RCW 33.12.180 Trustee of retirement plan established under federal act entitled "Self-Employed Individuals Tax Retirement Act of 1962."
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A savings and loan association shall have the power to act as trustee under:A retirement plan established pursuant to the provisions of the act of congress entitled "Self-Employed Individuals Tax Retirement Act of 1962" (76 Stat. 809, 26 U.S.C. Sec. 37), as now constituted or her…