Washington § 32.32.215 - Limitation on cash dividends.

Full text of Washington Revised Code of Washington § 32.32.215 — Limitation on cash dividends., with citation guidance and answers to common questions.

§ 32.32.215. Limitation on cash dividends.

Except as provided in RCW 32.32.222, no converted savings bank may declare or pay a cash dividend unless the declaration or payment of the dividend would be in accordance with the requirements of *RCW 30.04.180 and would not have the effect of reducing the net worth of the converted savings bank below (1) the amount required for the liquidation account or (2) the amount required by the director.
[ 1994 c 92 s 363; 1985 c 56 s 22; 1981 c 85 s 42.]

Notes

*Reviser's note: RCW 30.04.180 was recodified as RCW 30A.04.180 pursuant to 2014 c 37 s 4, effective January 5, 2015.

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

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Frequently Asked Questions About Washington § 32.32.215

What does Revised Code of Washington § 32.32.215 cover?

Section 32.32.215 ("Limitation on cash dividends.") 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 § 32.32.215?

A common citation format is "Revised Code of Washington § 32.32.215" (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 § 32.32.215 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.