Washington § 30A.04.300 - Foreign branch banks.

Full text of Washington Revised Code of Washington § 30A.04.300 — Foreign branch banks., with citation guidance and answers to common questions.

§ 30A.04.300. Foreign branch banks.

A branch of any foreign bank or banker actually and publicly engaged in banking in this state on March 10, 1917, in full compliance with the laws hereof, which were in force immediately prior to March 10, 1917, and which branch has a capital not less in amount than that required for the organization of a state bank as provided in this title at the time and place when and where such branch was established, may continue its said business, subject to all of the regulations and supervision provided for banks. The amount upon which it pays taxes shall be prima facie evidence of the amount and existence of such capital. No such bank or banker shall set forth on its or his or her stationery or in any manner advertise in this state a greater capital, surplus and undivided profits than are actually maintained at such branch. Every foreign corporation, bank and banker, and every officer, agent, and employee thereof who violates any provision of this section or which violates the terms of the resolution filed as required by *RCW 30.04.290 shall for each violation forfeit and pay to the state of Washington the sum of one thousand dollars. A civil action for the recovery of any such sum may be brought by the attorney general in the name of the state.
[ 2011 c 336 s 745; 1955 c 33 s 30.04.300. Prior: 1917 c 80 s 41; RRS s 3248. Formerly RCW 30.04.300.]

Notes

*Reviser's note: RCW 30.04.290 was repealed by 1994 c 256 s 124, without cognizance of its amendment by 1994 c 92 s 27. It has been decodified for publication purposes pursuant to RCW 1.12.025. RCW 30.04.290 was subsequently repealed by 1997 c 101 s 7.

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Frequently Asked Questions About Washington § 30A.04.300

What does Revised Code of Washington § 30A.04.300 cover?

Section 30A.04.300 ("Foreign branch banks.") 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.04.300?

A common citation format is "Revised Code of Washington § 30A.04.300" (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.04.300 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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