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Chapter 460-64A WAC

Last Update: 1/21/87

CAPITAL REQUIREMENTS—DEFINITIONS

WAC Sections

HTMLPDF460-64A-010Definitions.
HTMLPDF460-64A-020Capital requirements.


PDF460-64A-010

Definitions.

As set forth in RCW 21.20.710, the phrase "cash or comparable liquid assets" means: Legal tender of the United States of America, U.S. Treasury notes or bills, or other negotiable government securities with an ascertainable public market or other liquid assets as allowed with the express written permission of the securities administrator.
[Statutory Authority: RCW 21.20.710 and 21.20.450. WSR 87-03-052 (Order SDO-05-87), § 460-64A-010, filed 1/21/87; Order 304, § 460-64A-010, filed 2/28/75, effective 4/1/75.]



PDF460-64A-020

Capital requirements.

The paid-in capital requirements enumerated in RCW 21.20.710 must be maintained at all times.
[Statutory Authority: RCW 21.20.710 and 21.20.450. WSR 87-03-052 (Order SDO-05-87), § 460-64A-020, filed 1/21/87; Order 304, § 460-64A-020, filed 2/28/75, effective 4/1/75.]