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Code · Washington · Title 30A — Washington Commercial Bank Act · Chapter 30A.04

RCW 30A.04.400

100 words·~1 min read·/wa/title-30a/chapter-30a-04/30a-04-400·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

As used in RCW 30A.04.400 through 30A.04.410 , the following words shall have the following meanings:
(1)"Control" means directly or indirectly alone or in concert with others to own, control, or hold the power to vote twenty-five percent or more of the outstanding stock or voting power of the "controlled" entity;
(2)"Acquiring party" means the person acquiring control of a bank through the purchase of stock; and
(3)"Person" means any individual, corporation, partnership, association, business trust, or other organization.
[ 2014 c 37 s 133 ; 1977 ex.s. c 246 s 1 . Formerly RCW 30.04.400 .]
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