Wash. Rev. Code § 30A.36.030

Current through the 2024 Regular Session

Section 30A.36.030 - Stock at less than par-Impairment

Where any bank or mutual savings bank has issued and has outstanding capital notes or debentures, it may carry its capital stock on its books at a sum less than par, and it shall not be considered impaired so long as the amount of such capital notes or debentures equals or exceeds the impairment as found by the director.

RCW 30A.36.030

Amended by 2014 c 37,§ 206, eff. 1/5/2015.

Recodified from 30.36.030 by 2014 c 37,§ 4, eff. 1/5/2015.

1994 c 92 § 77; 1955 c 33 § 30.36.030. Prior: 1935 c 42 § 3; RRS § 3295-3.