Washington Statutes
§ 30A.04.238 — Purchase of own capital stock authorized.
Washington § 30A.04.238
This text of Washington § 30A.04.238 (Purchase of own capital stock authorized.) 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 § 30A.04.238 (2026).
Text
(1)Notwithstanding any other provision of this title, a bank, with the prior approval of the director, may purchase shares of its own capital stock.
(2)When a bank purchases such shares, its capital accounts shall be reduced appropriately. The shares shall be held as authorized but unissued shares.
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Legislative History
[1994 c 92 s 24;1986 c 279 s 12;1985 c 305 s 1. Formerly RCW30.04.238.]
Nearby Sections
15
§ 30A.04.002
Short title.§ 30A.04.005
Legislative declarations.§ 30A.04.007
Notice—Use of internet—Rules.§ 30A.04.010
Definitions.§ 30A.04.045
Director—Powers under chapter19.144RCW.§ 30A.04.050
Duty to comply—Violations—Penalty.Cite This Page — Counsel Stack
Bluebook (online)
Washington § 30A.04.238, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/30A.04.238.