Washington § 33.24.040 - Obligations of other states.

Full text of Washington Revised Code of Washington § 33.24.040 — Obligations of other states., with citation guidance and answers to common questions.

§ 33.24.040. Obligations of other states.

An association may invest its funds in the bonds or interest bearing obligations of any other state of the United States upon which there is no existing default and upon which there has been no default for more than ninety days within ten years immediately preceding the investment: PROVIDED, That such state has not been in default for more than ninety days, within said ten years, in the payment of any part of the principal or interest of any debt contracted by it or for which the faith of such state was pledged.
[ 1945 c 235 s 61; Rem. Supp. 1945 s 3717-180. Prior: 1939 c 98 s 11; 1933 c 183 s 56.]

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

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Frequently Asked Questions About Washington § 33.24.040

What does Revised Code of Washington § 33.24.040 cover?

Section 33.24.040 ("Obligations of other states.") 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 § 33.24.040?

A common citation format is "Revised Code of Washington § 33.24.040" (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 § 33.24.040 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.