Washington § 30A.04.210 - Real estate holdings.

Full text of Washington Revised Code of Washington § 30A.04.210 — Real estate holdings., with citation guidance and answers to common questions.

§ 30A.04.210. Real estate holdings.

A bank may purchase, hold, and convey real estate for the following purposes:
(1) Such as shall be necessary for the convenient transaction of its business, including with its banking offices other space in the same building to rent as a source of income: PROVIDED, That any bank shall not invest for such purposes more than the greater of: (a) Fifty percent of its capital, surplus, and undivided profits; or (b) one hundred twenty-five percent of its capital stock without the approval of the director.
(2) Such as shall be purchased or conveyed to it in satisfaction, or on account of, debts previously contracted in the course of its business.
(3) Such as it shall purchase at sale under judgments, decrees, liens, or mortgage foreclosures, from debts owed to it.
(4) Such as a trust company receives in trust or acquires pursuant to the terms or authority of any trust.
(5) Such as it may take title to or for the purpose of investing in real estate conditional sales contracts.
(6) Such as shall be purchased, held, or conveyed in accordance with RCW 30A.04.212 granting banks the power to invest directly or indirectly in unimproved or improved real estate.
[ 2014 c 37 s 118. Prior: 1994 c 256 s 36; 1994 c 92 s 18; 1986 c 279 s 9; 1985 c 329 s 4; 1979 c 142 s 1; 1973 1st ex.s. c 104 s 2; 1955 c 33 s 30.04.210; prior: 1947 c 149 s 1; 1917 c 80 s 37; Rem. Supp. 1947 s 3244. Formerly RCW 30.04.210.]

Notes

Findings—Construction—1994 c 256: See RCW 43.320.007.
Legislative intent—1985 c 329: See note following RCW 30A.60.010.
Effective date—1985 c 329: See RCW 30A.60.901.
Adoption of rules: RCW 30A.60.030.

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

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Frequently Asked Questions About Washington § 30A.04.210

What does Revised Code of Washington § 30A.04.210 cover?

Section 30A.04.210 ("Real estate holdings.") 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.04.210?

A common citation format is "Revised Code of Washington § 30A.04.210" (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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Sources & Verification

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