RCW 30A.04.238
72 words·~1 min read·
/wa/title-30a/chapter-30a-04/30a-04-238·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)Notwithstanding any other provision of this title, a bank, with the prior approval of the director, may purchase shares of its own capital stock.
(2)When a bank purchases such shares, its capital accounts shall be reduced appropriately. The shares shall be held as authorized but unissued shares.
[ 1994 c 92 s 24 ; 1986 c 279 s 12 ; 1985 c 305 s 1 . Formerly RCW 30.04.238 .]