Washington § 30A.08.086 - Determination of capital impairment when capital consists of preferred stock.

Full text of Washington Revised Code of Washington § 30A.08.086 — Determination of capital impairment when capital consists of preferred stock., with citation guidance and answers to common questions.

§ 30A.08.086. Determination of capital impairment when capital consists of preferred stock.

If any part of the capital of a bank consists of preferred stock, the determination of whether or not the capital of such bank is impaired and the amount of such impairment shall be based on the value of its stock as established at the time it was issued, or its par value, if any, even though the amount which the holders of such preferred stock shall be entitled to receive in the event of retirement or liquidation shall be in excess of the originally established value or the par value of such preferred stock.
[ 2014 c 37 s 161; 1986 c 279 s 25; 1981 c 89 s 6. Formerly RCW 30.08.086.]

Notes

Severability—1981 c 89: See note following RCW 30A.04.180.

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

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What does Revised Code of Washington § 30A.08.086 cover?

Section 30A.08.086 ("Determination of capital impairment when capital consists of preferred stock.") 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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A common citation format is "Revised Code of Washington § 30A.08.086" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

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