Washington § 30A.56.020 - Postponement of payments on deposits — Order — Posting.

Full text of Washington Revised Code of Washington § 30A.56.020 — Postponement of payments on deposits — Order — Posting., with citation guidance and answers to common questions.

§ 30A.56.020. Postponement of payments on deposits — Order — Posting.

The director is hereby empowered, upon the written application of the directors of a bank, if in his or her judgment the circumstances warrant it, to authorize a bank to postpone, for a period of ninety days and for such further period or periods as he or she may deem expedient, the payment of such proportions or amounts of the demands of its depositors from time to time as he or she may deem necessary. The period or periods of postponement and the proportions or amounts of the demands to be deferred shall be determined by him or her according to the ability of the bank to pay withdrawals. By the regulations prescribed for deferred payments, the director may classify accounts and limit payments to depositors of the several classes differently. The director's orders, regulations and directions shall be in writing and be filed in his or her office, and copies thereof shall be delivered to the bank and be forthwith posted in a conspicuous place in the banking room.
[ 1994 c 92 s 150; 1955 c 33 s 30.56.020. Prior: 1933 c 49 s 2; RRS s 3293-2. Formerly RCW 30.56.020.]

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

Related Washington Legal Topics

Frequently Asked Questions About Washington § 30A.56.020

What does Revised Code of Washington § 30A.56.020 cover?

Section 30A.56.020 ("Postponement of payments on deposits — Order — Posting.") 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.56.020?

A common citation format is "Revised Code of Washington § 30A.56.020" (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 § 30A.56.020 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

Not legal advice. Verify against the official source and consult a licensed attorney in Washington.