§ 32.08.110. Guaranty fund -- Purpose
The contributions of the incorporators, or trustees of any such savings bank under the provisions of RCW 32.08.100, and the sums credited thereto from its net earnings under the provisions of RCW 32.08.120, shall constitute a guaranty fund for the security of its depositors, and shall be held to meet any contingency or loss in its business from depreciation of its securities or otherwise, and for no other purpose except as provided in RCW 32.08.130, and RCW 32.12.090(5).
[1955 c 13 § 32.08.110. Prior: 1915 c 175 § 21; RRS § 3350.]
Sections: Previous 32.08.050 32.08.060 32.08.061 32.08.070 32.08.080 32.08.090 32.08.100 32.08.110 32.08.115 32.08.116 32.08.120 32.08.130 32.08.140 32.08.142 32.08.145 NextLast modified: April 7, 2009