Washington Statutes
§ 32.20.380 — Stocks, securities, of corporations not otherwise eligible for investment.
Washington § 32.20.380
This text of Washington § 32.20.380 (Stocks, securities, of corporations not otherwise eligible for investment.) 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 § 32.20.380 (2026).
Text
A mutual savings bank may invest its funds in stocks or other securities of corporations not otherwise eligible for investment by the savings bank which are prudent investments for the bank in the opinion of its board of trustees or of a committee thereof whose action is ratified by the board at its regular meeting next following the investment. The total amount a mutual savings bank may invest pursuant to this section shall not exceed fifty percent of the total of its guaranty fund, undivided profits, and unallocated reserves, or five percent of its deposits, whichever is less.
Severability — 1981 c 86: See note following RCW 32.08.140 .
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Related
§ 32.08.140
Washington § 32.08.140
Legislative History
[1981 c 86 s 6;1963 c 176 s 16.]
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 § 32.20.380, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/32.20.380.