RCW 30A.36.040: Impairment to be corrected before retirement of notes or debentures.

RCWs > Title 30A > Chapter 30A.36 > Section 30A.36.040

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.36.030 << 30A.36.040 >> 30A.36.050

PDFRCW 30A.36.040

Impairment to be corrected before retirement of notes or debentures.

Before such capital notes or debentures are retired or paid by the bank or mutual savings bank, any existing impairment of its capital stock must be overcome or corrected to the satisfaction of the director.

[ 2014 c 37 § 207; 1994 c 92 § 78; 1955 c 33 § 30.36.040. Prior: 1935 c 42 § 4; RRS § 3295-4. Formerly RCW 30.36.040.]