Washington Statutes
§ 21.30.300 — Minimum net capital and fidelity bond requirements.
Washington § 21.30.300
This text of Washington § 21.30.300 (Minimum net capital and fidelity bond requirements.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Wash. Rev. Code § 21.30.300 (2026).
Text
(1)(a) The administrator may, by rule, require a licensed commodity broker-dealer to maintain:
(i)Minimum net capital; and (ii) a prescribed ratio between net capital and aggregate indebtedness. The minimum net capital and net capital-to-aggregate indebtedness ratio may vary with type or class of commodity broker-dealer.
(b)If a licensed commodity broker-dealer believes, or has reasonable cause to believe, that any requirement imposed on it under this subsection is not being met, it shall promptly notify the administrator of its current financial condition.
(2)The administrator may, by rule, require the furnishing of fidelity bonds from commodity broker-dealers.
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Legislative History
[1986 c 14 s 31.]
Nearby Sections
15
§ 21.20.005
Definitions.§ 21.20.010
Unlawful offers, sales, purchases.§ 21.20.020
Unlawful acts of person advising another.§ 21.20.030
Unlawful acts of investment adviser.Cite This Page — Counsel Stack
Bluebook (online)
Washington § 21.30.300, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/21.30.300.