§ 30.46.010. Definitions
For the purposes of this chapter the following terms shall be defined as follows:
(1) "Unsafe condition" shall mean and include, but not be limited to, any one or more of the following circumstances:
(a) If a bank's capital is impaired or impairment of capital is threatened;
(b) If a bank violates the provisions of Title 30 RCW or any other law or regulation applicable to banks;
(c) If a bank conducts a fraudulent or questionable practice in the conduct of its business that endangers the bank's reputation or threatens its solvency;
(d) If a bank conducts its business in an unsafe or unauthorized manner;
(e) If a bank violates any conditions of its charter or any agreement entered with the director; or
(f) If a bank fails to carry out any authorized order or direction of the examiner or the director.
(2) "Exceeded its powers" shall mean and include, but not be limited to the following circumstances:
(a) If a bank has refused to permit examination of its books, papers, accounts, records, or affairs by the director, assistant director, or duly commissioned examiners; or
(b) If a bank has neglected or refused to observe an order of the director to make good, within the time prescribed, any impairment of its capital.
(3) "Consent" includes and means a written agreement by the bank to either supervisory direction or conservatorship under this chapter.
[1994 c 92 § 133; 1975 1st ex.s. c 87 § 1.]
Sections: 30.46.010 30.46.020 30.46.030 30.46.040 30.46.050 30.46.060 30.46.070 30.46.080 30.46.090 30.46.100 NextLast modified: April 7, 2009