208-532-010  <<  208-532-020 >>   208-532-030

WAC 208-532-020

Definitions.

For purposes of these rules and regulations, the following terms are defined as:
(1) Act - chapter 53, Laws of 1973 1st ex. sess.
(2) Application - "Application" means an application of an alien bank to the director of the department of financial institutions for a certificate of authority to establish and operate an agency, branch or bureau in the state of Washington.
(3) Domiciliary country - "Domiciliary country" means the foreign country under the laws of which the alien bank is organized.
(4) Fiscal year - "Fiscal year" means the fiscal year of the alien bank.
(5) Depositary - "Depositary" shall mean a bank with its principal place of business within the state of Washington selected by the alien bank and approved by the director, for the deposit of the cash or liquid assets required by section 7 and 12 of the act.
(6) Rules and regulations - "Rules and regulations" means all of Title 208 WAC. Alien banks in conducting authorized banking business shall be subject to such rules and regulations under the same terms and conditions as applied to banks organized under the laws of this state to the extent that such rules and regulations as applied to alien banking operations are consistent with the intent and purposes of the alien bank act and subject to limitations and restrictions imposed by these alien bank rules and regulations.
(7) Section - Section numbers referred to herein are those found in chapter 53, Laws of 1973 1st ex. sess.
[Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-18-103, amended and recodified as § 208-532-020, filed 9/6/00, effective 10/7/00; Order 23, § 50-32-020, filed 8/14/73.]
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