Washington § 30A.08.070 - Failure to commence business — Effect — Extension of time.

Full text of Washington Revised Code of Washington § 30A.08.070 — Failure to commence business — Effect — Extension of time., with citation guidance and answers to common questions.

§ 30A.08.070. Failure to commence business — Effect — Extension of time.

Every corporation heretofore or hereafter authorized by the laws of this state to do business as a bank, which corporation shall have failed to organize and commence business within six months after certificate of authority to commence business has been issued by the director, shall forfeit its rights and privileges as such corporation, which fact the director shall certify to the secretary of state, and such certificate of forfeiture shall be filed and recorded in the office of the secretary of state in the same manner as the certificate of authority: PROVIDED, That the director may, upon showing of cause satisfactory to him or her, issue an order under his or her hand and seal extending for not more than three months the time within which such organization may be effected and business commenced, such order to be transmitted to the office of the secretary of state and filed and recorded therein.
[ 2014 c 37 s 156; 1994 c 92 s 48; 1986 c 279 s 21; 1981 c 302 s 18; 1955 c 33 s 30.08.070. Prior: 1931 c 9 s 1; RRS s 3229-1; 1915 c 175 s 41; RRS s 3370. Formerly RCW 30.08.070.]

Notes

Severability—1981 c 302: See note following RCW 19.76.100.

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

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Frequently Asked Questions About Washington § 30A.08.070

What does Revised Code of Washington § 30A.08.070 cover?

Section 30A.08.070 ("Failure to commence business — Effect — Extension of time.") 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 § 30A.08.070?

A common citation format is "Revised Code of Washington § 30A.08.070" (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.

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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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