Washington Statutes
§ 32.08.116 — Guaranty fund—Payment of interest and dividends—When authorized.
Washington § 32.08.116
This text of Washington § 32.08.116 (Guaranty fund—Payment of interest and dividends—When 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 § 32.08.116 (2026).
Text
A savings bank not having net earnings or undivided profits or other surplus may pay interest and dividends from its guaranty fund upon prior written approval of the director, which approval shall not be withheld unless the director has determined that such payments would place the savings bank in an unsafe and unsound condition.
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Legislative History
[1994 c 92 s 317;1982 c 5 s 2.]
Nearby Sections
15
§ 32.04.002
Short title.§ 32.04.010
Scope of title.§ 32.04.012
Limits on loans and extensions of credit.§ 32.04.015
Duty to comply—Violations—Penalty.§ 32.04.020
Definitions.§ 32.04.022
"Mortgage" includes deed of trust.§ 32.04.050
Reports.§ 32.04.070
Certified copies of records as evidence.§ 32.04.100
Penalty for falsification.Cite This Page — Counsel Stack
Bluebook (online)
Washington § 32.08.116, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/32.08.116.