Washington § 30A.46.030 Supervisory direction—Appointment of representative to supervise—Restrictions on operations.

Washington Statutes

§ 30A.46.030 — Supervisory direction—Appointment of representative to supervise—Restrictions on operations.

Washington § 30A.46.030

Title 30AWASHINGTON COMMERCIAL BANK ACT

Ch. 30A.46SUPERVISORY DIRECTION—CONSERVATORSHIP

This text of Washington § 30A.46.030 (Supervisory direction—Appointment of representative to supervise—Restrictions on operations.) 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.46.030 (2026).

Text

During the period of supervisory direction the director may appoint a representative to supervise such bank and may provide that the bank may not do any of the following during the period of supervisory direction, without the prior approval of the director or the appointed representative:

(1)Dispose of, convey, or encumber any of the assets, excluding trust assets under management;

(2)Withdraw any of its bank accounts;

(3)Lend any of its funds;

(4)Invest any of its funds;

(5)Transfer any of its property; or

(6)Incur any debt, obligation, or liability.

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During the period of supervisory direction the director may appoint a representative to supervise such bank and may provide that the bank may not do any of the following during the period of supervisory direction, without the prior approval of the director or the appointed representative:

(1) Dispose of, convey, or encumber any of the assets, excluding trust assets under management;

(2) Withdraw any of its bank accounts;

(3) Lend any of its funds;

(4) Invest any of its funds;

(5) Transfer any of its property; or

(6) Incur any debt, obligation, or liability.