32.20.500 – Construction—1973 1st ex.s. c 31.
RCW 32.20.500 Construction—1973 1st ex.s. c 31. The powers granted by *this 1973 amendatory act are in addition to and not in limitation of the powers conferred upon a mutual savings bank by other provisions of law. [ 1973 1st ex.s. c 31 § 8.] NOTES: *Reviser’s note: For “this 1973 amendatory act,” see note […]
32.20.400 – Loans for home or property repairs, alterations, appliances, improvements, additions, furnishings, underground utilities, education or nonbusiness family purposes.
RCW 32.20.400 Loans for home or property repairs, alterations, appliances, improvements, additions, furnishings, underground utilities, education or nonbusiness family purposes. A mutual savings bank may invest not to exceed twenty percent of its funds pursuant to this section in loans for home or property repairs, alterations, appliances, improvements, or additions, home furnishings, for installation of […]
32.20.410 – Limitation of total investment in certain obligations.
RCW 32.20.410 Limitation of total investment in certain obligations. The aggregate total amount a mutual savings bank may invest in the following shall not exceed the sum of eighty-five percent of its funds and one hundred percent of its borrowings as permitted under RCW 32.08.140, as now or hereafter amended and RCW 32.08.190, as now […]
32.20.415 – Limitation on certain secured and unsecured loans.
RCW 32.20.415 Limitation on certain secured and unsecured loans. In addition to all other investments and loans authorized for mutual savings banks in this state, a mutual savings bank may invest not more than twenty percent of its funds in secured or unsecured loans on such terms and conditions as the bank may determine. [ […]
32.20.430 – Loans to banks or trust companies.
RCW 32.20.430 Loans to banks or trust companies. A mutual savings bank may invest its funds in loans to banks or trust companies which mature on the next business day following the day of making such loan. The loans may be evidenced by any writing or ledger entries deemed adequate by the mutual savings bank […]
32.20.440 – Purchase of United States securities from banks or trust companies.
RCW 32.20.440 Purchase of United States securities from banks or trust companies. A mutual savings bank may invest its funds in the purchase of United States government securities from a bank or trust company, subject to the selling bank’s or trust company’s agreement to repurchase such securities on the business day next following their purchase […]
32.20.445 – Stock, other securities, and obligations of federally insured institutions.
RCW 32.20.445 Stock, other securities, and obligations of federally insured institutions. A savings bank may invest its funds in the stock and other securities and obligations of a savings or banking institution or holding company thereof if the deposits of the savings or banking institution are insured by the federal deposit insurance corporation or any […]
32.20.450 – Low-cost housing—Legislative finding.
RCW 32.20.450 Low-cost housing—Legislative finding. The legislature finds there is a shortage of adequate housing in a suitable environment in many parts of this state for people of modest means, which shortage adversely affects the public in general and the mutual savings banks of this state and their depositors. The legislature further finds that the […]
32.20.460 – Low-cost housing—Factory built housing—Mobile homes.
RCW 32.20.460 Low-cost housing—Factory built housing—Mobile homes. In addition to the portions of its funds permitted to be invested in real estate loans under RCW 32.20.410, a mutual savings bank may invest not to exceed fifteen percent of its funds in loans and investments as follows: (1) Loans for the rehabilitation, remodeling, or expansion of […]
32.20.470 – Improvement of private land for public parks and recreation areas.
RCW 32.20.470 Improvement of private land for public parks and recreation areas. Subject to the limits hereinafter set forth, a mutual savings bank may expend its funds for the improvement for public use of privately owned land as parks or recreation areas, including but not limited to “vest pocket” parks, provided that the owner of […]