Section 30A.04.400 - Bank acquisition or control-DefinitionsAs used in RCW 30A.04.400 through 30A.04.410, the following words shall have the following meanings:
(1) "Control" means directly or indirectly alone or in concert with others to own, control, or hold the power to vote twenty-five percent or more of the outstanding stock or voting power of the "controlled" entity;(2) "Acquiring party" means the person acquiring control of a bank through the purchase of stock; and(3) "Person" means any individual, corporation, partnership, association, business trust, or other organization.Amended by 2014 c 37,§ 133, eff. 1/5/2015.Recodified from 30.04.400 by 2014 c 37,§ 4, eff. 1/5/2015.