Washington § 32.12.010 - Deposits by individuals governed by chapter 30.22 RCW — Other deposits which a savings bank may establish — Limitations.

Full text of Washington Revised Code of Washington § 32.12.010 — Deposits by individuals governed by chapter 30.22 RCW — Other deposits which a savings bank may establish — Limitations., with citation guidance and answers to common questions.

§ 32.12.010. Deposits by individuals governed by chapter 30.22 RCW — Other deposits which a savings bank may establish — Limitations.

Deposits made by individuals in a mutual savings bank under this chapter are governed by *chapter 30.22 RCW. In addition, other deposits which a savings bank may establish include but are not limited to the following:
(1) Deposits in the name of, or on behalf of, a partnership or other form of multiple ownership enterprise.
(2) Deposits in the name of a corporation, society, or unincorporated association.
(3) Deposits maintained by a person, society, or corporation as administrator, executor, guardian, or trustee under a will or trust agreement.
Every such bank may limit the aggregate amount which an individual or any corporation or society may have to his or her or its credit to such sum as such bank may deem expedient to receive; and may in its discretion refuse to receive a deposit, or may at any time return all or any part of any deposits or require the withdrawal of any dividends or interest. Any account in excess of one hundred thousand dollars may only be accepted or held in accordance with such regulations as the director may establish.
[ 1994 c 92 s 323; 1981 c 192 s 27; 1967 c 145 s 1; 1961 c 80 s 1; 1959 c 41 s 2; 1957 c 80 s 4; 1955 c 13 s 32.12.010. Prior: 1953 c 238 s 1; 1949 c 119 s 4; 1941 c 15 s 2; 1929 c 123 s 1; 1927 c 184 s 5; 1921 c 156 s 2; 1919 c 200 s 2; 1915 c 175 s 17; Rem. Supp. 1949 s 3346.]

Notes

*Reviser's note: Chapter 30.22 RCW was recodified as chapter 30A.22 RCW pursuant to 2014 c 37 s 4, effective January 5, 2015.
Effective date—1981 c 192: See RCW 30A.22.900.

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

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What does Revised Code of Washington § 32.12.010 cover?

Section 32.12.010 ("Deposits by individuals governed by chapter 30.22 RCW — Other deposits which a savings bank may establish — Limitations.") 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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