Revised Code of Washington - RCW Title 30 Banks And Trust Companies - Chapter 30.12 Officers, Employees, And Stockholders

  • 30.12.010 Directors -- Election -- Meetings -- Oath -- Vacancies
    Every bank and trust company shall be managed by not less than five directors, who need not be residents of this state. Directors shall be ...
  • 30.12.020 Meetings, where held -- Corporate records
    All meetings of the stockholders of any bank or trust company, except organization meetings and meetings held with the consent of all stockholders, must be ...
  • 30.12.025 Rights of shareholder to examine and make extracts of records -- Penalty -- Financial statements
    Any person who has been a shareholder of record at least six months immediately preceding his or her demand or who is the holder of ...
  • 30.12.030 Fidelity bonds -- Casualty insurance
    (1) Except as otherwise permitted by the director under specified terms and conditions, the board of directors of each bank and trust company shall direct ...
  • 30.12.040 Removal of delinquent officer or employee or prohibiting participation in bank or trust company affairs -- Grounds -- Notice
    The director may serve upon a director, officer, or employee of any bank or trust company a written notice of the director's intention to remove ...
  • 30.12.042 Removal of delinquent officer or employee or prohibiting participation in bank or trust company affairs -- Notice contents -- Hearing -- Order of removal or prohibition
    A notice of an intention to remove a director, officer, or employee from office or to prohibit his or her participation in the conduct of ...
  • 30.12.044 Removal of delinquent officer or employee or prohibiting participation in bank or trust company affairs -- Effect upon quorum -- Procedure
    If at any time because of the removal of one or more directors under this chapter there shall be on the board of directors of ...
  • 30.12.045 Removal of delinquent officer or employee or prohibiting participation in bank or trust company affairs -- Administrative hearing -- Judicial review
    See RCW 30.04.470. ...
  • 30.12.046 Removal of delinquent officer or employee or prohibiting participation in bank or trust company affairs -- Jurisdiction of courts in enforcement or issuance of orders, injunctions or judicial review
    See RCW 30.04.475. ...
  • 30.12.047 Removal of delinquent officer or employee or prohibiting participation in bank or trust company affairs -- Violation of final order -- Penalty
    Any present or former director, officer, or employee of a bank or trust company or any other person against whom there is outstanding an effective ...
  • 30.12.060 Loans to officers or employees
    (1) Any bank or trust company shall be permitted to make loans to any employee of such corporation, or to purchase, discount or acquire, as ...
  • 30.12.070 Unsafe loans and discounts to directors
    The director may at any time, if in his or her judgment excessive, unsafe or improvident loans are being made or are likely to be ...
  • 30.12.090 False entries, statements, etc. -- Penalty
    Every person who shall knowingly subscribe to or make or cause to be made any false statement or false entry in the books of any ...
  • 30.12.100 Destroying or secreting records -- Penalty
    Every officer, director or employee or agent of any bank or trust company who, for the purpose of concealing any fact or suppressing any evidence ...
  • 30.12.110 Commission, etc., for procuring loan -- Penalty
    No officer, director, agent, employee or stockholder of any bank or trust company shall, directly or indirectly, receive a bonus, commission, compensation, remuneration, gift, speculative ...
  • 30.12.115 Transactions in which director or officer has an interest
    (1) If a transaction is fair to a corporation at the time it is authorized, approved, or ratified, the fact that a director or an ...
  • 30.12.120 Loans to officers or employees from trust funds -- Penalty
    No corporation doing a trust business shall make any loan to any officer, or employee from its trust funds, nor shall it permit any officer, ...
  • 30.12.130 Trust company as legal representative -- Oath by officer
    When any trust company shall be appointed executor, administrator, or trustee of any estate or guardian of the estate of any infant or other incompetent, ...
  • 30.12.180 Levy of assessments
    Whenever the director shall notify the board of directors of a bank or trust company to levy an assessment upon the stock of such corporation ...
  • 30.12.190 General penalty -- Effect of conviction
    Every person who shall violate, or knowingly aid or abet the violation of any provision of RCW 30.04.010, 30.04.030, 30.04.050, 30.04.060, 30.04.070, 30.04.075, 30.04.111, 30.04.120, ...
  • 30.12.205 Stock purchase options -- Incentive bonus contracts, stock purchase or bonus plans, and profit sharing plans
    Subject to any restrictions in its articles of incorporation and in accordance with and subject to the provisions of RCW 30.08.088, the board of directors ...
  • 30.12.220 Preemptive rights of shareholders to acquire unissued shares -- Articles of incorporation may limit or permit -- Later acquisition
    The articles of incorporation of any bank or trust company organized under this title may limit or permit the preemptive rights of a shareholder to ...
  • 30.12.230 Immunity of shareholders of bank insured by the federal deposit insurance corporation
    The shareholders of a banking corporation organized under the laws of this state and the deposits of which are insured by the federal deposit insurance ...
  • 30.12.240 Violations -- Director liability
    If the directors of any bank shall knowingly violate, or knowingly permit any of the officers, agents, or servants of the bank to violate any ...

Last modified: April 7, 2009