Washington § 32.08.116 - Guaranty fund — Payment of interest and dividends — When authorized.

Full text of Washington Revised Code of Washington § 32.08.116 — Guaranty fund — Payment of interest and dividends — When authorized., with citation guidance and answers to common questions.

§ 32.08.116. Guaranty fund — Payment of interest and dividends — When authorized.

A savings bank not having net earnings or undivided profits or other surplus may pay interest and dividends from its guaranty fund upon prior written approval of the director, which approval shall not be withheld unless the director has determined that such payments would place the savings bank in an unsafe and unsound condition.
[ 1994 c 92 s 317; 1982 c 5 s 2.]

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

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Frequently Asked Questions About Washington § 32.08.116

What does Revised Code of Washington § 32.08.116 cover?

Section 32.08.116 ("Guaranty fund — Payment of interest and dividends — When authorized.") 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 § 32.08.116?

A common citation format is "Revised Code of Washington § 32.08.116" (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 § 32.08.116 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.