Washington § 30A.42.060 - Conditions to be met before opening office in state.

Full text of Washington Revised Code of Washington § 30A.42.060 — Conditions to be met before opening office in state., with citation guidance and answers to common questions.

§ 30A.42.060. Conditions to be met before opening office in state.

An alien bank shall not hereafter open an office in this state until it has met the following conditions:
(1) It has filed with the director an application in such form and containing such information as shall be prescribed by the director.
(2) It has designated the director by a duly executed instrument in writing, its agent, upon whom process in any action or proceeding arising out of a transaction with the Washington office may be served. Such service shall have the same force and effect as if the alien bank were a Washington corporation and had been lawfully served with process within the state. The director shall forward by mail, postage prepaid, a copy of every process served upon him or her under the provisions of this subdivision, addressed to the manager or agent of such bank at its office in this state.
(3) It has allocated and assigned to its office within this state paid-in capital of not less than two hundred thousand dollars or such larger amounts as the director in his or her discretion may require.
(4) It has filed with the director a letter from its chief executive officer guaranteeing that the alien bank's entire capital and surplus is and shall be available for all liabilities and obligations of its office doing business in this state.
(5) It has paid the fees required by law and established by the director pursuant to RCW 30A.04.070.
(6) It has received from the director his or her certificate authorizing the transaction of business in conformity with this chapter.
[ 2014 c 37 s 212; 1994 c 92 s 82; 1973 1st ex.s. c 53 s 6. Formerly RCW 30.42.060.]

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

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Frequently Asked Questions About Washington § 30A.42.060

What does Revised Code of Washington § 30A.42.060 cover?

Section 30A.42.060 ("Conditions to be met before opening office in state.") 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.42.060?

A common citation format is "Revised Code of Washington § 30A.42.060" (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.42.060 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.

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