RCW 30A.04.400: Bank acquisition or control

RCWs > Title 30A > Chapter 30A.04 > Section 30A.04.400

These documents are currently being revised to incorporate the changes made during the 2024 Legislative Session. Please consult the Sections Affected Table for changes made during the 2024 Legislative Session.

30A.04.395 << 30A.04.400 >> 30A.04.405

PDFRCW 30A.04.400

Bank acquisition or control—Definitions.

As used in RCW 30A.04.400 through 30A.04.410, the following words shall have the following meanings:

(1) "Control" means directly or indirectly alone or in concert with others to own, control, or hold the power to vote twenty-five percent or more of the outstanding stock or voting power of the "controlled" entity;

(2) "Acquiring party" means the person acquiring control of a bank through the purchase of stock; and

(3) "Person" means any individual, corporation, partnership, association, business trust, or other organization.

[ 2014 c 37 § 133; 1977 ex.s. c 246 § 1. Formerly RCW 30.04.400.]