32.04.002 – Short title.

RCW 32.04.002 Short title. This title may be known and cited as the Washington savings bank act. [ 2014 c 37 § 501.] NOTES: Legislative declarations—Effective date—2014 c 37: See RCW 30A.04.005 and 30A.04.902.

32.04.010 – Scope of title.

RCW 32.04.010 Scope of title. This title shall not be construed as amending or repealing any other law of the state authorizing the incorporation of banks or regulating the same, but shall be deemed to be additional legislation for the sole purpose of authorizing the incorporation and operation of mutual savings banks and mutual savings […]

32.04.012 – Limits on loans and extensions of credit.

RCW 32.04.012 Limits on loans and extensions of credit. Notwithstanding any other provisions of this title, a savings bank is subject to the same limits on loans and extensions of credit, and exceptions thereto, as set forth in *RCW 30.04.111. [ 2013 c 76 § 23.] NOTES: *Reviser’s note: RCW 30.04.111 was recodified as RCW […]

32.04.015 – Duty to comply—Violations—Penalty.

RCW 32.04.015 Duty to comply—Violations—Penalty. (1) Each savings bank and its directors, officers, employees, and agents, shall comply with: (a) This title and chapter 11.100 RCW as applicable to each of them; (b) The rules adopted by the department with respect to savings banks; (c) Any lawful direction or order of the director; (d) Any […]

32.04.020 – Definitions.

RCW 32.04.020 Definitions. Unless the context clearly requires otherwise, the definitions in this section apply throughout this title. (1) “Adequately capitalized,” “critically undercapitalized,” “significantly undercapitalized,” “undercapitalized,” and “well-capitalized,” respectively, have meanings consistent with the definitions these same terms have under the prompt corrective action provisions of the federal deposit insurance act, 12 U.S.C. Sec. 1831o, […]

32.04.022 – “Mortgage” includes deed of trust.

RCW 32.04.022 “Mortgage” includes deed of trust. The word “mortgage” as used in this title includes deed of trust. [ 1969 c 55 § 13.]

32.04.025 – Powers as to horizontal property regimes or condominiums.

RCW 32.04.025 Powers as to horizontal property regimes or condominiums. The words “real estate” and “real property” as used in this title shall include apartments or other portions, however designated, of horizontal property regimes, or a condominium interest in property, as may be created under any laws now in existence or hereafter enacted. A mutual […]

32.04.030 – Branches—Director’s approval—Conditions—Definition.

RCW 32.04.030 Branches—Director’s approval—Conditions—Definition. (1) A savings bank may not, without the written approval of the director, establish and operate branches in any place. (2) A savings bank headquartered in this state desiring to establish a branch shall file a written application with the director, who shall approve or disapprove the application. (3) The director’s […]

32.04.035 – Agency agreements—Written notice to director.

RCW 32.04.035 Agency agreements—Written notice to director. On or before the date on which a mutual savings bank enters into any agency agreement authorizing another entity, as agent of the mutual savings bank, to receive deposits or renew time deposits, the mutual savings bank shall give written notice to the director of the existence of […]

32.04.050 – Reports.

RCW 32.04.050 Reports. A savings bank shall render to the director, in such form as he or she shall prescribe, at least three regular reports each year exhibiting its resources and liabilities as of such dates as the director shall designate, which shall be the dates designated by the comptroller of the currency of the […]

32.04.070 – Certified copies of records as evidence.

RCW 32.04.070 Certified copies of records as evidence. Copies from the records, books, and accounts of a savings bank and its holding company shall be competent evidence in all cases, equal with originals thereof, if there is annexed to such copies an affidavit taken before a notary public or clerk of a court under seal, […]

32.04.080 – Employees’ pension, retirement, or health insurance benefits—Payment.

RCW 32.04.080 Employees’ pension, retirement, or health insurance benefits—Payment. A mutual savings bank may provide for pensions or retirement benefits for its disabled or superannuated employees or health insurance benefits for its employees and may pay a part or all of the cost of providing such pensions or benefits in accordance with a plan adopted […]

32.04.082 – Pension, retirement, or health insurance benefits—Waiver by bank of offsets attributable to social security.

RCW 32.04.082 Pension, retirement, or health insurance benefits—Waiver by bank of offsets attributable to social security. With respect to pension payments or retirement or health insurance benefits payable by a mutual savings bank to any employee heretofore or hereafter retired, such bank may waive all or any part of any offsets thereto attributable to social […]

32.04.085 – Pension, retirement, or health insurance benefits—Supplementation.

RCW 32.04.085 Pension, retirement, or health insurance benefits—Supplementation. Any pension payment or retirement or health insurance benefits payable by a mutual savings bank to a former officer or employee, or to a person or persons entitled thereto by virtue of service performed by such officer or employee, in the discretion of a majority of all […]

32.04.100 – Penalty for falsification.

RCW 32.04.100 Penalty for falsification. Every person who knowingly subscribes to or makes or causes to be made any false statement or false entry in the books of any savings bank or its holding company, or knowingly subscribes to or exhibits any false or fictitious security, document or paper, with the intent to deceive any […]

32.04.110 – Penalty for concealing or destroying evidence.

RCW 32.04.110 Penalty for concealing or destroying evidence. Every board trustee or director, officer, employee, or agent of any savings bank or its holding company who for the purpose of concealing any fact suppresses any evidence against himself or herself, or against any other person, or who abstracts, removes, mutilates, destroys, or secretes any paper, […]

32.04.120 – Specific penalties invoked.

RCW 32.04.120 Specific penalties invoked. The provisions of RCW 9.24.050, 9.24.040 and 9.24.030 shall apply to the corporations authorized under this title. [ 1955 c 13 § 32.04.120. Prior: 1915 c 175 § 50; RRS § 3379.]

32.04.130 – General penalty.

RCW 32.04.130 General penalty. Any person who does anything forbidden by chapter 32.04, 32.08, 32.12, 32.16 or 32.24 RCW of this title for which a penalty is not provided in this title, or in some other law of the state, shall be guilty of a gross misdemeanor and be punished accordingly. [ 1955 c 13 […]

32.04.150 – Cost of examination.

RCW 32.04.150 Cost of examination. See RCW 30A.04.070.

32.04.170 – Conversion to mutual savings bank of savings and loan association.

RCW 32.04.170 Conversion to mutual savings bank of savings and loan association. See chapter 33.44 RCW.