Wash. Rev. Code § 39.58.108

Current through 2024

Section 39.58.108 - Requirements to become depositary

Any financial institution may become, and thereafter operate as, a public depositary upon approval by the commission and segregation of collateral in the manner as set forth in this chapter, and subject to compliance with all rules and policies adopted by the commission. A public depositary shall at all times pledge and segregate eligible collateral in an amount established by the commission by rule or noticed resolution.

RCW 39.58.108

Amended by 2016 c 152,§ 4, eff. 6/9/2016.

2009 c 9 § 10; 1996 c 256 § 13; 1984 c 177 § 17; 1983 c 66 § 15; 1975 1st ex.s. c 77 § 6.

Effective date- 2009 c 9 : See note following RCW 39.58.010.

Severability-1983 c 66: See note following RCW 39.58.010.