RCW 32.50.020
98 words·~1 min read·
/wa/title-32/chapter-32-50/32-50-020·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
During the period of supervisory direction the director may appoint a representative to supervise such savings bank and may provide that the savings bank may not do any of the following during the period of supervisory direction, without the prior approval of the director or the appointed representative:
(1)Dispose of, convey, or encumber any of the assets;
(2)Withdraw any of its bank accounts;
(3)Lend any of its funds;
(4)Invest any of its funds;
(5)Transfer any of its property; or
(6)Incur any debt, obligation, or liability.
[ 2010 c 88 s 67 .]