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Home » US Law » 2022 Revised Code of Washington » Title 32 - Washington Savings Bank Act » Chapters » Chapter 32.12 - Deposits—Earnings—Dividends—Interest.

32.12.010 – Deposits by individuals governed by chapter 30.22 RCW—Other deposits which a savings bank may establish—Limitations.

RCW 32.12.010 Deposits by individuals governed by chapter 30.22 RCW—Other deposits which a savings bank may establish—Limitations. Deposits made by individuals in a mutual savings bank under this chapter are governed by *chapter 30.22 RCW. In addition, other deposits which a savings bank may establish include but are not limited to the following: (1) Deposits […]

32.12.020 – Repayment of deposits and dividends.

RCW 32.12.020 Repayment of deposits and dividends. The sums deposited with any savings bank, together with any dividends or interest credited thereto, shall be repaid to the depositors thereof respectively, or to their legal representatives, after demand in such manner, and at such times, and under such regulations, as the board of trustees shall prescribe, […]

32.12.050 – Accounting—Entry of assets, real estate, securities, etc.

RCW 32.12.050 Accounting—Entry of assets, real estate, securities, etc. (1) No savings bank shall by any system of accounting, or any device of bookkeeping, directly or indirectly, enter any of its assets upon its books in the name of any other individual, partnership, unincorporated association, or corporation, or under any title or designation that is […]

32.12.070 – Computation of earnings.

RCW 32.12.070 Computation of earnings. (1) Gross current operating earnings. Every savings bank shall close its books, for the purpose of computing its net earnings, at the end of any period for which a dividend is to be paid, and in no event less frequently than semiannually. To determine the amount of gross earnings of […]

32.12.080 – Misleading advertisement of surplus or guaranty fund.

RCW 32.12.080 Misleading advertisement of surplus or guaranty fund. No savings bank shall put forth any sign or notice or publish or circulate any advertisement or advertising literature upon which or in which it is stated that such savings bank has a surplus or guaranty fund other than as determined in the manner prescribed by […]

32.12.090 – Interest—Rate—Notice of changed rate.

RCW 32.12.090 Interest—Rate—Notice of changed rate. (1) Every savings bank shall regulate the rate of interest upon the amounts to the credit of depositors therewith, in such manner that depositors shall receive as nearly as may be all the earnings of the bank after transferring the amount required by RCW 32.08.120 and such further amounts […]