Revised Code of Washington - RCW Title 33 Savings And Loan Associations - Chapter 33.46 Conversion Of Savings Bank Or Commercial Bank To Association

  • 33.46.010 Definitions
    As used in this chapter, unless the context indicates otherwise: (1) "Association" means any association organized under the laws of this state or the laws ...
  • 33.46.020 Conversion of bank to association -- Procedure
    Any bank may be converted into an association in the following manner: (1) The trustees or directors of the bank shall pass, by at least ...
  • 33.46.030 Cash contributions to expense fund if becoming domestic mutual association
    If the application to become a domestic mutual association is granted, the director of financial institutions shall require the applicant to enter into an agreement ...
  • 33.46.040 Appeal from denial of application
    If the application is denied by the director of financial institutions, the bank, acting by a two-thirds majority of its trustees or directors, may, within ...
  • 33.46.050 Certificate of reincorporation -- Required -- Filing -- Contents
    If the application is granted by the director of financial institutions, or by the court, the trustees or directors of the bank shall, within thirty ...
  • 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 ...
  • 33.46.070 Depositor's interest upon conversion
    Upon the conversion of a bank into an association, every person who was a depositor of the bank at the time of the conversion shall ...
  • 33.46.080 Transfer of securities -- Conformance to state association laws, when
    All mortgages, notes, and other securities of any bank that has been converted into an association shall, on request of the association, be delivered to ...
  • 33.46.090 Assets, liabilities, etc., vested in association upon conversion
    Upon a conversion being consummated all assets, rights and properties of the bank shall vest in and be the property of the association and all ...
  • 33.46.100 Initial meeting of shareholders of domestic association -- Notice -- Proxy voting
    Within twelve months following consummation of the conversion, the directors of a domestic association shall call a meeting of the members for the purpose of ...
  • 33.46.110 Conversion to federal association -- Procedure
    If the bank specifies in the resolution that it intends to become a federal association, it shall proceed to make all filings and do all ...
  • 33.46.130 Rules implementing chapter -- Standard
    The director of financial institutions shall adopt such rules under the administrative procedure act, chapter 34.05 RCW, as are necessary to implement this chapter in ...

Last modified: April 7, 2009