Washington § 32.08.110 - Guaranty fund — Purpose.

Full text of Washington Revised Code of Washington § 32.08.110 — Guaranty fund — Purpose., with citation guidance and answers to common questions.

§ 32.08.110. Guaranty fund — Purpose.

The contributions of the incorporators, or trustees of any such savings bank under the provisions of RCW 32.08.100, and the sums credited thereto from its net earnings under the provisions of RCW 32.08.120, shall constitute a guaranty fund for the security of its depositors, and shall be held to meet any contingency or loss in its business from depreciation of its securities or otherwise, and for no other purpose except as provided in RCW 32.08.130, and RCW 32.12.090(5).
[ 1955 c 13 s 32.08.110. Prior: 1915 c 175 s 21; RRS s 3350.]

Related Washington Legal Topics

Frequently Asked Questions About Washington § 32.08.110

What does Revised Code of Washington § 32.08.110 cover?

Section 32.08.110 ("Guaranty fund — Purpose.") 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 § 32.08.110?

A common citation format is "Revised Code of Washington § 32.08.110" (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 § 32.08.110 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.