Washington § 30A.04.140 - Pledge of securities or assets prohibited — Exceptions.

Full text of Washington Revised Code of Washington § 30A.04.140 — Pledge of securities or assets prohibited — Exceptions., with citation guidance and answers to common questions.

§ 30A.04.140. Pledge of securities or assets prohibited — Exceptions.

No bank shall pledge or hypothecate any of its securities or assets to any depositor, except that it may qualify as depositary for United States deposits, or other public funds, or funds held in trust and deposited by any public officer by virtue of his or her office, or as a depository for the money of estates under the statutes of the United States pertaining to bankruptcy or funds deposited by a trustee or receiver in bankruptcy appointed by any court of the United States or any referee thereof, or funds held by the United States or the state of Washington, or any officer thereof in trust, or for funds of corporations owned or controlled by the United States, and may give such security for such deposits as are required by law or by the officer making the same; and it may give security to its trust department for deposits with itself which represent trust funds invested in savings accounts or which represent fiduciary funds awaiting investment or distribution.
[ 2014 c 37 s 116; 2011 c 336 s 744; 1986 c 279 s 7; 1983 c 157 s 6; 1967 c 133 s 2; 1955 c 33 s 30.04.140. Prior: 1933 c 42 s 24, part; 1917 c 80 s 54, part; RRS s 3261, part. Formerly RCW 30.04.140.]

Notes

Severability—1983 c 157: See note following RCW 30A.04.060.

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

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Frequently Asked Questions About Washington § 30A.04.140

What does Revised Code of Washington § 30A.04.140 cover?

Section 30A.04.140 ("Pledge of securities or assets prohibited — Exceptions.") 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 § 30A.04.140?

A common citation format is "Revised Code of Washington § 30A.04.140" (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 § 30A.04.140 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.