Washington § 30A.04.400 - Bank acquisition or control — Definitions.

Full text of Washington Revised Code of Washington § 30A.04.400 — Bank acquisition or control — Definitions., with citation guidance and answers to common questions.

§ 30A.04.400. Bank acquisition or control — Definitions.

As used in RCW 30A.04.400 through 30A.04.410, the following words shall have the following meanings:
(1) "Control" means directly or indirectly alone or in concert with others to own, control, or hold the power to vote twenty-five percent or more of the outstanding stock or voting power of the "controlled" entity;
(2) "Acquiring party" means the person acquiring control of a bank through the purchase of stock; and
(3) "Person" means any individual, corporation, partnership, association, business trust, or other organization.
[ 2014 c 37 s 133; 1977 ex.s. c 246 s 1. Formerly RCW 30.04.400.]

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What does Revised Code of Washington § 30A.04.400 cover?

Section 30A.04.400 ("Bank acquisition or control — Definitions.") 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.

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