Washington § 32.08.080 - Conditions precedent to reception of deposits.

Full text of Washington Revised Code of Washington § 32.08.080 — Conditions precedent to reception of deposits., with citation guidance and answers to common questions.

§ 32.08.080. Conditions precedent to reception of deposits.

Before such corporation shall be authorized to receive deposits or transact business other than the completion of its organization, the director shall be satisfied that:
(1) The incorporators have made the deposit of the initial guaranty fund required by this title;
(2) The incorporators have made the deposit of the expense fund required by RCW 32.08.090 and if the director shall so require, have entered into the agreement or undertaking with him or her and have filed the same and the security therefor as prescribed in said section;
(3) The corporation has transmitted to the director the name, residence, and post office address of each officer of the corporation;
(4) Its certificate of incorporation in triplicate has been filed in the respective public offices designated in this title.
[ 1994 c 92 s 315; 1955 c 13 s 32.08.080. Prior: 1915 c 175 s 6; RRS s 3318.]

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

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Frequently Asked Questions About Washington § 32.08.080

What does Revised Code of Washington § 32.08.080 cover?

Section 32.08.080 ("Conditions precedent to reception of deposits.") 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 § 32.08.080?

A common citation format is "Revised Code of Washington § 32.08.080" (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 § 32.08.080 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.

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