Revised Code of Washington - RCW Title 32 Mutual Savings Banks - Section 32.32.010 Chapter exclusive -- Prohibition on conversion without approval -- Waiver of requirements

§ 32.32.010. Chapter exclusive -- Prohibition on conversion without approval -- Waiver of requirements

This chapter shall exclusively govern the conversion of mutual savings banks to capital stock savings banks. No mutual savings bank may convert to the capital stock form of organization without the prior written approval of the director pursuant to this chapter, except that the director may waive requirements of this chapter in appropriate cases.

[1994 c 92 § 349; 1981 c 85 § 1.]

Sections:  32.32.010  32.32.015  32.32.020  32.32.025  32.32.030  32.32.035  32.32.040  32.32.042  32.32.045  32.32.050  32.32.055  32.32.060  32.32.065  32.32.070  32.32.075  Next

Last modified: April 7, 2009