Washington § 32.50.020 - Director may appoint representative — Restrictions placed on savings bank.

Full text of Washington Revised Code of Washington § 32.50.020 — Director may appoint representative — Restrictions placed on savings bank., with citation guidance and answers to common questions.

§ 32.50.020. Director may appoint representative — Restrictions placed on savings bank.

During the period of supervisory direction the director may appoint a representative to supervise such savings bank and may provide that the savings bank may not do any of the following during the period of supervisory direction, without the prior approval of the director or the appointed representative:
(1) Dispose of, convey, or encumber any of the assets;
(2) Withdraw any of its bank accounts;
(3) Lend any of its funds;
(4) Invest any of its funds;
(5) Transfer any of its property; or
(6) Incur any debt, obligation, or liability.
[ 2010 c 88 s 67.]

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

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Frequently Asked Questions About Washington § 32.50.020

What does Revised Code of Washington § 32.50.020 cover?

Section 32.50.020 ("Director may appoint representative — Restrictions placed on savings bank.") 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 § 32.50.020?

A common citation format is "Revised Code of Washington § 32.50.020" (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 § 32.50.020 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.