Washington § 30A.42.010 Purpose.

Washington Statutes

§ 30A.42.010 — Purpose.

Washington § 30A.42.010

Title 30AWASHINGTON COMMERCIAL BANK ACT

Ch. 30A.42ALIEN BANKS

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Bluebook

Wash. Rev. Code § 30A.42.010 (2026).

Text

The purpose of this chapter is to establish a legal and regulatory framework for operation by alien banks in the state of Washington that will:

(1)Create a financial climate which will benefit the economy of the state of Washington;

(2)Provide a well regulated and supervised financial system to assist the movement of foreign capital into Washington state for the support and diversification of the local industrial base;

(3)Assist the development of the economy of the state of Washington without disrupting business relationships of state and federal financial institutions.

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The purpose of this chapter is to establish a legal and regulatory framework for operation by alien banks in the state of Washington that will:

(1) Create a financial climate which will benefit the economy of the state of Washington;

(2) Provide a well regulated and supervised financial system to assist the movement of foreign capital into Washington state for the support and diversification of the local industrial base;

(3) Assist the development of the economy of the state of Washington without disrupting business relationships of state and federal financial institutions.