Washington § 30A.44.160 - Voluntary closing — Possession of the director — Notice.

Full text of Washington Revised Code of Washington § 30A.44.160 — Voluntary closing — Possession of the director — Notice., with citation guidance and answers to common questions.

§ 30A.44.160. Voluntary closing — Possession of the director — Notice.

(1) Subject to the consent of the director, a bank may voluntarily stipulate and consent to an order taking possession and thereby place itself under the control of the director to be liquidated and be made subject to receivership as provided in this chapter.
(2) Upon issuance of such order taking possession, the bank shall post a notice on its door as follows: "This bank is in the possession of the Director of the Washington State Department of Financial Institutions."
(3) The posting of such notice or the taking possession of any bank by the director shall be sufficient to place all of its assets and property of every nature in his or her possession and bar all attachment proceedings.
[ 2014 c 37 s 232; 2010 c 88 s 35; 1994 c 92 s 120; 1955 c 33 s 30.44.160. Prior: 1917 c 80 s 72; RRS s 3279. Formerly RCW 30.44.160.]

Notes

Effective date—2010 c 88: See RCW 32.50.900.

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

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Frequently Asked Questions About Washington § 30A.44.160

What does Revised Code of Washington § 30A.44.160 cover?

Section 30A.44.160 ("Voluntary closing — Possession of the director — Notice.") 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.44.160" (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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