Revised Code of Washington - RCW Title 30 Banks And Trust Companies - Chapter 30.44 Insolvency And Liquidation

30.44.010 Delinquencies, notice to correct -- Possession may be taken
Whenever it shall in any manner appear to the director that any bank or trust company has violated any provision of law or is conducting ...

30.44.020 Director may order levy of assessment
Whenever it shall in any manner appear to the director that any offense or delinquency referred to in RCW 30.44.010 renders a bank or trust ...

30.44.030 Director's right to take possession may be contested
Within ten days after the director takes possession thereof, a bank or trust company may serve a notice upon the director to appear before the ...

30.44.040 Notice of taking possession
Upon taking possession of any bank or trust company, the director shall forthwith give written notice thereof to all persons having possession of any assets ...

30.44.050 Powers and duties of director
Upon taking possession of any bank or trust company, the director shall proceed to collect the assets thereof and to preserve, administer and liquidate the ...

30.44.060 Notice to creditors -- Claims
The director shall publish once a week for four consecutive weeks in a newspaper which he or she shall select, a notice requiring all persons ...

30.44.070 Inventory -- List of claims
Upon taking possession of such corporation, the director shall make an inventory of the assets in duplicate and file one in his or her office ...

30.44.080 Objections to approved claims
Objection may be made by any interested person to any claim approved by the director, which objection shall be determined by the court upon such ...

30.44.090 Dividends
At any time after the expiration of the date fixed for the presentation of claims, the director, subject to the approval of the court, may ...

30.44.100 Receiver prohibited except in emergency
No receiver shall be appointed by any court for any bank or trust company nor shall any assignment of any bank or trust company for ...

30.44.110 Preferences prohibited -- Penalty
Every transfer of its property or assets by any bank or trust company in this state, made in contemplation of insolvency, or after it shall ...

30.44.120 Receiving deposits when insolvent -- Penalty
An officer, director or employee of any bank or trust company who shall fraudulently receive for it any deposit, knowing that such bank or trust ...

30.44.130 Expense of liquidation
All expenses incurred by the director in taking possession, administering and winding up any such corporation, including the expenses of assistants and reasonable fees for ...

30.44.140 Liquidation after claims are paid
When all proper claims of depositors and creditors (not including stockholders) have been paid, as well as all expenses of administration and liquidation and proper ...

30.44.150 Unclaimed dividends -- Disposition
Any dividends to depositors or other creditors of such bank or trust company remaining uncalled for and unpaid in the hands of the director for ...

30.44.160 Voluntary closing -- Notice
Any bank or trust company may place itself under the control of the director to be liquidated as herein provided by posting a notice on ...

30.44.170 Voluntary liquidation -- Notice to creditors
Any bank or trust company may, upon receipt of written permission from the director, go into voluntary liquidation by a vote of its stockholders owning ...

30.44.180 Unclaimed dividends on voluntary liquidation
Whenever any bank or trust company shall voluntarily liquidate, any dividends to depositors or other creditors of such bank or trust company remaining uncalled for ...

30.44.190 Disposition of unclaimed personal property
Whenever any bank or trust company shall be liquidated, voluntarily or involuntarily, and shall retain in its possession at the conclusion of the liquidation, uncalled ...

30.44.200 Duty of director -- Notice to owner
Upon receiving possession of the packages, the director shall cause them to be opened in the presence of at least one witness, the property reinventoried, ...

30.44.210 Final notice after two years -- Sale
After the expiration of two years from the time of mailing the notice, the director shall mail in a securely closed postpaid registered letter, addressed ...

30.44.220 Disposition of proceeds -- Escheat
The proceeds of such sale shall be deposited by the director in a bank or trust company to his or her credit, in trust for ...

30.44.230 Procedure as to papers, documents, etc
Whenever the personal property held by a liquidated bank or trust company shall consist either wholly or in part, of documents, letters, or other papers ...

30.44.240 Transfer of assets and liabilities to another bank or trust company
A bank or trust company may for the purpose of voluntary liquidation transfer its assets and liabilities to another bank or trust company, by a ...

30.44.250 Reopening
Whenever the director has taken possession of a bank or trust company for any cause, he or she may wind up such corporation and cancel ...

30.44.260 Destruction of records after liquidation
Where any files, records, documents, books of account or other papers have been taken over and are in the possession of the director in connection ...

30.44.270 Federal deposit insurance corporation as receiver or liquidator -- Appointment -- Powers and duties
The federal deposit insurance corporation is hereby authorized and empowered to be and act without bond as receiver or liquidator of any bank or trust ...

30.44.280 Payment or acquisition of deposit liabilities by federal deposit insurance corporation -- Not hindered by judicial review -- Liability
The pendency of any proceedings for judicial review of the director's actions in taking possession and control of a bank or trust company and its ...