Washington § 21.30.300 - Minimum net capital and fidelity bond requirements.

Full text of Washington Revised Code of Washington § 21.30.300 — Minimum net capital and fidelity bond requirements., with citation guidance and answers to common questions.

§ 21.30.300. Minimum net capital and fidelity bond requirements.

(1)(a) The administrator may, by rule, require a licensed commodity broker-dealer to maintain: (i) Minimum net capital; and (ii) a prescribed ratio between net capital and aggregate indebtedness. The minimum net capital and net capital-to-aggregate indebtedness ratio may vary with type or class of commodity broker-dealer.
(b) If a licensed commodity broker-dealer believes, or has reasonable cause to believe, that any requirement imposed on it under this subsection is not being met, it shall promptly notify the administrator of its current financial condition.
(2) The administrator may, by rule, require the furnishing of fidelity bonds from commodity broker-dealers.
[ 1986 c 14 s 31.]

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 21.30.300

What does Revised Code of Washington § 21.30.300 cover?

Section 21.30.300 ("Minimum net capital and fidelity bond requirements.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 21.30.300?

A common citation format is "Revised Code of Washington § 21.30.300" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 21.30.300 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

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