Revised Code of Washington - RCW Title 30 Banks And Trust Companies - Section 30.53.080 Valuation of assets -- Books of merging trust company

§ 30.53.080. Valuation of assets -- Books of merging trust company

Without approval by the director, no asset shall be carried on the books of the resulting trust company at a valuation higher than that on the books of the merging trust company at the time of its last examination by a state trust examiner before the effective date of the merger or conversion.

[1994 c 256 § 66.]

Notes:
     Findings -- Construction -- 1994 c 256: See RCW 43.320.007.

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Last modified: April 7, 2009