Washington § 32.20.320 - Investment of funds.

Full text of Washington Revised Code of Washington § 32.20.320 — Investment of funds., with citation guidance and answers to common questions.

§ 32.20.320. Investment of funds.

The trustees of every savings bank shall as soon as practicable invest the moneys deposited with it in the securities prescribed in this title.
The purchase by a savings bank of a negotiable certificate of deposit or similar security issued by a bank need not be considered a deposit if the certificate or security is eligible for investment by a savings bank under any other provision of this title.
[ 1969 c 55 s 8; 1955 c 13 s 32.20.320. Prior: 1929 c 74 s 25; 1925 ex.s. c 86 s 11; 1915 c 175 s 20; RRS s 3381-25.]

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

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Frequently Asked Questions About Washington § 32.20.320

What does Revised Code of Washington § 32.20.320 cover?

Section 32.20.320 ("Investment of funds.") 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 § 32.20.320?

A common citation format is "Revised Code of Washington § 32.20.320" (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 § 32.20.320 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.