§ 33.24.010. Loans to any one person -- Limitation
An association may invest its funds only as provided in this chapter.
It shall not invest more than two and a half percent of its assets in any loan or obligation to any one person, except with the written approval of the director.
[1994 c 92 § 445; 1982 c 3 § 45; 1979 c 113 § 6; 1963 c 246 § 7; 1953 c 71 § 6; 1947 c 257 § 5; 1945 c 235 § 58; Rem. Supp. 1947 § 3717-177. Prior: 1939 c 98 § 11; 1933 c 183 § § 39, 52, 56, 58; 1925 ex.s. c 144 § 5; 1913 c 110 § § 8, 9; 1903 c 116 § 2; 1890 p 56 § § 4, 30.]
Notes:
Severability -- 1982 c 3: See note following RCW 33.04.002.
Severability -- 1979 c 113: See note following RCW 33.04.020.
Sections: Previous 33.24.005 33.24.007 33.24.010 33.24.015 33.24.020 33.24.025 33.24.030 33.24.040 33.24.050 33.24.060 33.24.065 33.24.070 33.24.080 33.24.090 33.24.100 Next
Last modified: April 7, 2009