Washington § 30A.04.380 Investment in paid-in capital stock and surplus of banks or corporations engaged in international or foreign banking.

Washington Statutes

§ 30A.04.380 — Investment in paid-in capital stock and surplus of banks or corporations engaged in international or foreign banking.

Washington § 30A.04.380

Title 30AWASHINGTON COMMERCIAL BANK ACT

Ch. 30A.04GENERAL PROVISIONS

This text of Washington § 30A.04.380 (Investment in paid-in capital stock and surplus of banks or corporations engaged in international or foreign banking.) 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.04.380 (2026).

Text

Any bank may invest an amount not exceeding ten per centum of its paid-in capital stock and surplus in the stock of one or more banks or corporations chartered under the laws of the United States, or of any state thereof, and principally engaged in international or foreign banking, or banking in a dependency or insular possession of the United States, either directly or through the agency, ownership or control of local institutions in foreign countries, or in such dependencies or insular possessions.

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Any bank may invest an amount not exceeding ten per centum of its paid-in capital stock and surplus in the stock of one or more banks or corporations chartered under the laws of the United States, or of any state thereof, and principally engaged in international or foreign banking, or banking in a dependency or insular possession of the United States, either directly or through the agency, ownership or control of local institutions in foreign countries, or in such dependencies or insular possessions.