Revised Code of Washington - RCW Title 30 Banks And Trust Companies - Section 30.42.010 Purpose

§ 30.42.010. Purpose

The purpose of this chapter is to establish a legal and regulatory framework for operation by alien banks in the state of Washington that will:

(1) Create a financial climate which will benefit the economy of the state of Washington;

(2) Provide a well regulated and supervised financial system to assist the movement of foreign capital into Washington state for the support and diversification of the local industrial base;

(3) Assist the development of the economy of the state of Washington without disrupting business relationships of state and federal financial institutions.

[1973 1st ex.s. c 53 § 1.]

Sections:  30.42.010  30.42.020  30.42.030  30.42.040  30.42.050  30.42.060  30.42.070  30.42.080  30.42.090  30.42.100  30.42.105  30.42.115  30.42.120  30.42.130  30.42.140  Next

Last modified: April 7, 2009