Washington § 30A.42.090 - Approval of application — Criteria — Reciprocity.

Full text of Washington Revised Code of Washington § 30A.42.090 — Approval of application — Criteria — Reciprocity., with citation guidance and answers to common questions.

§ 30A.42.090. Approval of application — Criteria — Reciprocity.

The director may give or withhold his or her approval of an application by an alien bank to establish an office in this state at his or her discretion. The director's decision shall be based on the information submitted to his or her office in the application required by RCW 30A.42.060 and such additional investigation as the director deems necessary or appropriate. Prior to granting approval to said application, the director shall have ascertained to his or her satisfaction that all of the following are true:
(1) The proposed location offers a reasonable promise of adequate support for the proposed office;
(2) The proposed office is not being formed for other than legitimate objects;
(3) The proposed officers of the proposed office have sufficient banking experience and ability to afford reasonable promise of successful operation;
(4) The reputation and financial standing of the alien bank is such as to command the confidence and warrant belief that the business of the proposed office will be conducted honestly and efficiently in accordance with the intent and purpose of this chapter, as set forth in RCW 30A.42.010;
(5) The principal purpose of establishing such office shall be within the intent of this chapter.
The director shall not grant an application for an office of an alien bank unless the law of the foreign country under which laws the alien bank is organized permits a bank with its principal place of business in this state to establish in that foreign country a branch, agency or similar operation.
[ 2014 c 37 s 214; 1994 c 92 s 85; 1973 1st ex.s. c 53 s 9. Formerly RCW 30.42.090.]

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

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Frequently Asked Questions About Washington § 30A.42.090

What does Revised Code of Washington § 30A.42.090 cover?

Section 30A.42.090 ("Approval of application — Criteria — Reciprocity.") 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.42.090?

A common citation format is "Revised Code of Washington § 30A.42.090" (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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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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