RCW 30A.56.090
94 words·~1 min read·
/wa/title-30a/chapter-30a-56/30a-56-090·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If the net assets of a bank operating under such a plan are sufficient to provide the capital and surplus of a newly organized bank in the same place, the director, under such reasonable conditions as he or she shall prescribe, may approve the incorporation of a new bank and permit it to take over the assets and business and assume the liabilities of the existing bank.
[ 1994 c 92 s 156 ; 1955 c 33 s 30.56.090 . Prior: 1933 c 49 s 9 ; RRS s 3293-9. Formerly RCW 30.56.090 .]