Washington § 30A.44.110 - Preferences prohibited — Penalty.

Full text of Washington Revised Code of Washington § 30A.44.110 — Preferences prohibited — Penalty., with citation guidance and answers to common questions.

§ 30A.44.110. Preferences prohibited — Penalty.

(1) Every transfer of its property or assets by any bank, made (a) in contemplation of insolvency or after it shall have become insolvent, (b) within ninety days before the date the director takes possession of such bank under RCW 30A.44.010, 30A.44.020, 30A.44.100, or 30A.44.160, or the federal deposit insurance corporation is appointed as receiver or liquidator of such bank under RCW 30A.44.270, and (c) with a view to the preference of one creditor over another or to prevent the equal distribution of its property and assets among its creditors, shall be void.
(2) Every director, officer, or employee of a bank making any such transfer of assets is guilty of a class B felony punishable according to chapter 9A.20 RCW.
[ 2014 c 37 s 229; 2010 c 88 s 34; 2003 c 53 s 190; 1955 c 33 s 30.44.110. Prior: 1917 c 80 s 55; RRS s 3262. Formerly RCW 30.44.110.]

Notes

Effective date—2010 c 88: See RCW 32.50.900.
Intent—Effective date—2003 c 53: See notes following RCW 2.48.180.

Related Washington Legal Topics

Frequently Asked Questions About Washington § 30A.44.110

What does Revised Code of Washington § 30A.44.110 cover?

Section 30A.44.110 ("Preferences prohibited — Penalty.") 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.44.110?

A common citation format is "Revised Code of Washington § 30A.44.110" (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.44.110 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

Not legal advice. Verify against the official source and consult a licensed attorney in Washington.