Washington § 39.58.103 Notice to commission of reduced net worth.

Washington Statutes

§ 39.58.103 — Notice to commission of reduced net worth.

Washington § 39.58.103

Title 39PUBLIC CONTRACTS AND INDEBTEDNESS

Ch. 39.58PUBLIC FUNDS—DEPOSITS AND INVESTMENTS—PUBLIC DEPOSITARIES

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Bluebook

Wash. Rev. Code § 39.58.103 (2026).

Text

Each public depositary shall notify the commission in writing within forty-eight hours, or by close of business of the next business day thereafter, of the happening of an event which causes its net worth to be reduced by an amount greater than ten percent of the amount shown as its net worth on the most recent report submitted pursuant to RCW 39.58.100 .

Effective date — 2009 c 9: See note following RCW 39.58.010 .

Severability — 1983 c 66: See note following RCW 39.58.010 .

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Each public depositary shall notify the commission in writing within forty-eight hours, or by close of business of the next business day thereafter, of the happening of an event which causes its net worth to be reduced by an amount greater than ten percent of the amount shown as its net worth on the most recent report submitted pursuant to RCW 39.58.100 .

Effective date — 2009 c 9: See note following RCW 39.58.010 .

Severability — 1983 c 66: See note following RCW 39.58.010 .