Washington § 33.48.030 - Minimum amount of permanent stock required — Preferred or special classes of shares authorized.

Full text of Washington Revised Code of Washington § 33.48.030 — Minimum amount of permanent stock required — Preferred or special classes of shares authorized., with citation guidance and answers to common questions.

§ 33.48.030. Minimum amount of permanent stock required — Preferred or special classes of shares authorized.

Stock associations shall have permanent stock which may be issued with or without par value but with a statement of value of nonpar stock in accordance with Title 23B RCW. The minimum amount of such stock shall be twenty-five thousand dollars in the case of associations outside of incorporated cities, or in cities of less than twenty-five thousand population. Associations located in cities of greater population shall have as a minimum, fifty thousand dollars of such stock. The board of such association is authorized and directed to issue and maintain the stock in the following percentages: Three percent upon the first five million dollars; two percent upon the next three million dollars, and one percent upon all additional withdrawable savings: PROVIDED, That associations whose savings are insured by the Federal Savings and Loan Insurance Corporation shall not be required to maintain stock in excess of three hundred thousand dollars. A stock association may issue preferred or special classes of shares as provided in chapter 23B.06 RCW.
[ 1991 c 72 s 52; 1982 c 3 s 92; 1981 c 84 s 1; 1969 c 107 s 7; 1963 c 246 s 9; 1955 c 122 s 4.]

Notes

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 § 33.48.030

What does Revised Code of Washington § 33.48.030 cover?

Section 33.48.030 ("Minimum amount of permanent stock required — Preferred or special classes of shares authorized.") 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 § 33.48.030?

A common citation format is "Revised Code of Washington § 33.48.030" (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 § 33.48.030 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

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