Washington § 31.24.073 - Aggregate limit on loans and investments — Single borrower or business.

Full text of Washington Revised Code of Washington § 31.24.073 — Aggregate limit on loans and investments — Single borrower or business., with citation guidance and answers to common questions.

§ 31.24.073. Aggregate limit on loans and investments — Single borrower or business.

Unless part of an initial or amended business plan approved by the director, or as may otherwise be provided by rule adopted pursuant to RCW 31.24.120(3), the aggregate limit of qualified loans, qualified investment, and partial funding of qualified participation loans by a business development company to a single borrower or business, in relation to a business development project, shall not exceed twenty-five percent of the combined capital, surplus, and undivided profits of the business development company.
[ 2006 c 87 s 9.]

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

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Frequently Asked Questions About Washington § 31.24.073

What does Revised Code of Washington § 31.24.073 cover?

Section 31.24.073 ("Aggregate limit on loans and investments — Single borrower or business.") 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 § 31.24.073?

A common citation format is "Revised Code of Washington § 31.24.073" (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 § 31.24.073 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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