Washington Statutes
§ 32.20.240 — Notes secured by pledge or assignment of account.
Washington § 32.20.240
This text of Washington § 32.20.240 (Notes secured by pledge or assignment of account.) 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 § 32.20.240 (2026).
Text
A mutual savings bank may invest its funds in promissory notes made payable to the order of the savings bank, secured by the pledge or assignment of the account of the mutual savings bank as collateral security for the payment thereof. No such loan shall exceed the balance due the holder of such account.
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Legislative History
[1967 c 145 s 5;1955 c 13 s 32.20.240. Prior:1945 c 228 s 3;1929 c 74 s 19;1921 c 156 s 11m; Rem. Supp. 1945 s 3381-19.]
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 § 32.20.240, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/32.20.240.