Revised Code of Washington - RCW Title 35 Cities And Towns - Section 35.38.055 City official as officer, employee, or stockholder of depositary
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§ 35.38.055. City official as officer, employee, or stockholder of depositary
Whenever a financial institution is designated by the treasurer in accordance with the provisions of this chapter, as a depositary for funds to be kept by the treasurer of such city or town and such financial institution has filed and had approved a contract with such city or town and complied with chapter 39.58 RCW, such contract shall not be invalid by reason of any official of the city being also an officer, employee, or stockholder of such financial institution. [1984 c 177 § 3; 1965 c 7 § 35.38.055. Prior: 1955 c 81 § 1.]
Sections: 35.38.010 35.38.040 35.38.050 35.38.055 35.38.060
Last modified: April 7, 2009
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