Washington Statutes
§ 32.32.215 — Limitation on cash dividends.
Washington § 32.32.215
JurisdictionWashington
Title 32WASHINGTON SAVINGS BANK ACT
Ch. 32.32CONVERSION OF MUTUAL SAVINGS BANK TO CAPITAL STOCK SAVINGS BANK
This text of Washington § 32.32.215 (Limitation on cash dividends.) 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 § 32.32.215 (2026).
Text
Except as provided in RCW 32.32.222 , no converted savings bank may declare or pay a cash dividend unless the declaration or payment of the dividend would be in accordance with the requirements of *RCW 30.04.180 and would not have the effect of reducing the net worth of the converted savings bank below (1) the amount required for the liquidation account or (2) the amount required by the director.
*Reviser's note: RCW 30.04.180 was recodified as RCW 30A.04.180 pursuant to 2014 c 37 s 4, effective January 5, 2015.
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Related
§ 32.32.222
Washington § 32.32.222
§ 30.04.180
Washington § 30.04.180
§ 30A.04.180
Washington § 30A.04.180
Legislative History
[1994 c 92 s 363;1985 c 56 s 22;1981 c 85 s 42.]
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 § 32.32.215, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/32.32.215.