RCW 32.20.090: Housing and industrial development bonds and municipal obligations in any state.

RCWs > Title 32 > Chapter 32.20 > Section 32.20.090

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.

32.20.080 << 32.20.090 >> 32.20.100

PDFRCW 32.20.090

Housing and industrial development bonds and municipal obligations in any state.

A mutual savings bank may invest in housing or industrial development bonds or municipal obligations issued by a state, county, parish, borough, city, or district situated in the United States, or by any instrumentality thereof, provided such bonds or obligations at the time of purchase are prudent investments.

[ 1985 c 56 § 11; 1955 c 13 § 32.20.090. Prior: 1937 c 95 § 5; 1929 c 74 § 8; 1921 c 156 § 11f; RRS § 3381-8.]