Revised Code of Washington - RCW Title 33 Savings And Loan Associations - Section 33.24.115 Forming, incorporating with, or investing in other entities -- Limitation

§ 33.24.115. Forming, incorporating with, or investing in other entities -- Limitation

An association, alone or in conjunction with other entities, may form, incorporate, or invest in corporations or other entities, whether or not such other corporation or entity is related to the association's business. The aggregate amount of funds invested or used in the formation of corporations or other entities under this section shall not exceed ten percent of the assets of the association.

[1982 c 3 § 50.]

Notes:
     Severability -- 1982 c 3: See note following RCW 33.04.002.

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Last modified: April 7, 2009