A corporation doing a trust business may invest trust funds in savings accounts with itself to the extent that deposits are insured by an agency of the federal government. Additional trust funds may be so invested by the corporation only if it first sets aside under the control of its trust department as collateral security:
The securities so deposited or securities substituted therefor as collateral shall at all times be at least equal in market value to the amount of the funds so deposited.
RCW 11.100.030
Short title-Application-Purpose-Severability-1985 c 30: See RCW 11.02.900 through 11.02.903.
Severability-Effective dates-1984 c 149: See notes following RCW 11.02.005.