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Code · Washington · Title 32 — Washington Savings Bank Act · Chapter 32.20

RCW 32.20.030

141 words·~1 min read·/wa/title-32/chapter-32-20/32-20-030·

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

A mutual savings bank may invest its funds in the bonds or obligations of the United States or the Dominion of Canada or those for which the faith of the United States or the Dominion of Canada is pledged to provide for the payment of the interest and principal, including bonds of the District of Columbia: PROVIDED, That in the case of bonds of the Dominion or those for which its faith is pledged the interest and principal is payable in the United States or with exchange to a city in the United States and in lawful money of the United States or its equivalent.
[ 1955 c 13 s 32.20.030 . Prior: 1937 c 95 s 1 ; 1929 c 74 s 3 ; 1925 ex.s. c 86 s 2 ; 1921 c 156 ss 11, 11a; RRS s 3381-3.]
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