Revised Code of Washington - RCW Title 32 Mutual Savings Banks - Chapter 32.24 Insolvency And Liquidation

32.24.010 Liquidation of solvent bank
If the trustees of any solvent mutual savings bank deem it necessary or expedient to close the business of such bank, they may, by affirmative ...

32.24.020 Procedure to liquidate and dissolve
When the trustees, acting under the provisions of RCW 32.24.010, have paid the sums due respectively to all creditors and depositors, who, after such notice ...

32.24.030 Transfer of assets and liabilities to another bank
An unconverted mutual savings bank may for the purpose of consolidation, acquisition, pooling of assets, merger, or voluntary liquidation arrange for its assets and liabilities ...

32.24.040 Unsafe practices -- Notice to correct
Whenever it appears to the director that any mutual savings bank is conducting its business in an unsafe manner or that it refuses to submit ...

32.24.050 Liquidation of bank in unsound condition or insolvent
Whenever it appears to the director that any offense or delinquency referred to in RCW 32.24.040 renders a mutual savings bank in an unsound or ...

32.24.060 Possession by director -- Bank may contest
Within ten days after the director takes possession thereof, a mutual savings bank may serve notice upon such director to appear before the superior court ...

32.24.070 Receiver prohibited except in emergency
No receiver shall be appointed by any court for any mutual savings bank, nor shall any assignment of any such bank for the benefit of ...

32.24.080 Transfer of assets when insolvent -- Penalty
(1) Every transfer of its property or assets by any mutual savings bank in this state, made (a) after it has become insolvent, (b) within ...

32.24.090 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 mutual savings bank ...

32.24.100 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 mutual savings bank and its assets ...