§ 33.46.060. Issuance of authorization certificate -- Filing -- Completion of conversion -- Effect
Upon filing the certificate in triplicate as provided in RCW 33.46.050, the director of financial institutions shall, within thirty days thereafter, if satisfied that all the provisions of this chapter have been complied with, issue in triplicate an authorization certificate stating that the association has complied with all of the requirements of law, and that it has authority to transact, at the place or places designated in its certificate, the business of an association. The director of financial institutions shall retain one set of the triplicate originals of the certificate of reincorporation and of the certificate of authorization and shall transmit the other two sets to the association, which shall retain one set, and file one set with the secretary of state, paying the required fees. Upon such filings being made, the conversion of the bank to the association shall be deemed complete and consummated, and the association shall thereupon be a corporation having the powers and being subject to the duties and obligations prescribed by the laws of this state applicable to state associations, and the time of existence of such association shall be perpetual, unless sooner terminated.
[1994 c 92 § 475; 1982 c 3 § 85; 1981 c 302 § 36; 1975 1st ex.s. c 83 § 6.]
Notes:
Severability -- 1982 c 3: See note following RCW 33.04.002.
Severability -- 1981 c 302: See note following RCW 19.76.100.
Sections: Previous 33.46.010 33.46.020 33.46.030 33.46.040 33.46.050 33.46.060 33.46.070 33.46.080 33.46.090 33.46.100 33.46.110 33.46.130 Next
Last modified: April 7, 2009