RCW 32.08.116
67 words·~1 min read·
/wa/title-32/chapter-32-08/32-08-116·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A savings bank not having net earnings or undivided profits or other surplus may pay interest and dividends from its guaranty fund upon prior written approval of the director, which approval shall not be withheld unless the director has determined that such payments would place the savings bank in an unsafe and unsound condition.
[ 1994 c 92 s 317 ; 1982 c 5 s 2 .]