Washington § 33.12.012 - Additional powers of an association — Powers conferred upon federal savings and loan association as of December 31, 1993, or a subsequent date not later than July 28, 2013 — Powers of an out-of-state state savings association.

Full text of Washington Revised Code of Washington § 33.12.012 — Additional powers of an association — Powers conferred upon federal savings and loan association as of December 31, 1993, or a subsequent date not later than July 28, 2013 — Powers of an out-of-state state savings association., with citation guidance and answers to common questions.

§ 33.12.012. Additional powers of an association — Powers conferred upon federal savings and loan association as of December 31, 1993, or a subsequent date not later than July 28, 2013 — Powers of an out-of-state state savings association.

(1) Notwithstanding any other provision of law, in addition to all powers and authorities, express or implied, that an association has under this title, an association may exercise any of the powers and authorities that a federal savings and loan association had on December 31, 1993, or as of a subsequent date not later than July 28, 2013. As used in this section, "powers and authorities" include without limitation powers and authorities in corporate governance and operational matters.
(2) Notwithstanding any other provisions of law, a savings association has the powers and authorities that an out-of-state state savings association operating a branch in Washington has if the director finds that the exercise of such powers and authorities serves the convenience and advantage of depositors and borrowers, or the general public, and maintains the fairness of competition and parity between savings associations and out-of-state state savings associations.
(3) The restrictions, limitations and requirements applicable to specific powers and authorities of federal savings and loan associations or out-of-state state savings associations, as applicable, shall apply to savings associations exercising those powers and authorities permitted under this section but only insofar as the restrictions, limitations, and requirements relate to exercising the powers and authorities granted savings associations solely by this section.
[ 2013 c 76 s 29; 1994 c 256 s 119; 1982 c 3 s 23; 1981 c 87 s 1.]

Notes

Findings—Construction—1994 c 256: See RCW 43.320.007.
Severability—1982 c 3: See note following RCW 33.04.002.

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

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Frequently Asked Questions About Washington § 33.12.012

What does Revised Code of Washington § 33.12.012 cover?

Section 33.12.012 ("Additional powers of an association — Powers conferred upon federal savings and loan association as of December 31, 1993, or a subsequent date not later than July 28, 2013 — Powers of an out-of-state state savings association.") 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 § 33.12.012?

A common citation format is "Revised Code of Washington § 33.12.012" (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.

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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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