Chapter 31.24 RCW

INDUSTRIAL DEVELOPMENT CORPORATIONS

Sections
FindingsDeclarationsIntent.
Definitions.
ApplicationContentsArticles of incorporationFeesInitial capitalApproval.
Filing articles of incorporationReceipt of certificate of authority.
FeesDirector's discretion.
Corporate powers.
Plan of assessmentPurposeRequirementsApproval.
Powers of stockholdersVoting rightsProxy votingPlan of assessmentDividendsRules.
Aggregate limit on loans and investmentsSingle borrower or business.
Insider transactions.
Amendment of articles of incorporationDirector's approvalFiling.
Board of directorsOfficers and agentsPowersElectionMeetings.
Minimum capital, surplus, undivided profits, and net earnings.
No receipt of money on deposit.
Examinations by director of financial institutionsReportsAuthority of director.
First meetingNoticeDuties of incorporators.
Duration of business development company.
DissolutionMethodDistribution of assets.
Credit of state not pledged.
Business development companies designated state development companies.
Formation of historic business development company for purpose of preservation of historic buildings, areas, or neighborhoods.
Insolvency and liquidationChapter 30.44 RCW.
Supervisory direction and conservatorship.
Mergers or consolidationsApplicationApproval.
Conversion of development credit corporationApplicationApprovalFiling of articlesCertificate of authority.
Confidentiality and disclosureExaminations.
Business as a limited liability company.
Simultaneous applicationsBusiness development company and nondepository lender of certain loansProcedureFees.
Rule making.
Short title.
NOTES:
Economic development finance authority: RCW 43.163.080.
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