Washington § 30A.49.020 - State bank to resulting national bank — Laws applicable — Vote required — Termination of franchise.

Full text of Washington Revised Code of Washington § 30A.49.020 — State bank to resulting national bank — Laws applicable — Vote required — Termination of franchise., with citation guidance and answers to common questions.

§ 30A.49.020. State bank to resulting national bank — Laws applicable — Vote required — Termination of franchise.

This section is applicable where there is to be a resulting national bank.
Nothing in the law of this state shall restrict the right of a state bank to merge with or convert into a resulting national bank. The action to be taken by such merging or converting state bank and its rights and liabilities and those of its shareholders shall be the same as those prescribed at the time of the action for national banks merging with or converting into a resulting state bank by the law of the United States, and not by the law of this state, except that a vote of the holders of two-thirds of each class of voting stock of a state bank shall be required for the merger or conversion, and that on conversion by a state into a national bank the rights of dissenting stockholders shall be those specified in RCW 30A.49.090.
Upon the completion of the merger or conversion, the franchise of any merging or converting state bank shall automatically terminate.
[ 2014 c 37 s 253; 1955 c 33 s 30.49.020. Prior: 1953 c 234 s 2. Formerly RCW 30.49.020.]

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

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Frequently Asked Questions About Washington § 30A.49.020

What does Revised Code of Washington § 30A.49.020 cover?

Section 30A.49.020 ("State bank to resulting national bank — Laws applicable — Vote required — Termination of franchise.") 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.49.020?

A common citation format is "Revised Code of Washington § 30A.49.020" (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.49.020 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

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