Washington Statutes
§ 30A.36.020 — Issuance and sale—Status—Conversion rights.
Washington § 30A.36.020
This text of Washington § 30A.36.020 (Issuance and sale—Status—Conversion rights.) 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.36.020 (2026).
Text
With the approval of the director, any bank or mutual savings bank may at any time, through action of its board of directors or trustees, issue and sell its capital notes or debentures. Such capital notes or debentures shall be subordinate to the claims of depositors and other creditors. The holders of capital notes or debentures issued by a bank shall have such conversion rights as may be provided in the articles of incorporation with the approval of the director.
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Legislative History
[2014 c 37 s 205;1994 c 92 s 76;1979 c 106 s 5;1955 c 33 s 30.36.020. Prior:1935 c 42 s 2; RRS 3295-2. Formerly RCW30.36.020.]
Nearby Sections
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Duty to comply—Violations—Penalty.Cite This Page — Counsel Stack
Bluebook (online)
Washington § 30A.36.020, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/30A.36.020.