Washington § 32.20.080 - Municipal bonds in adjoining state.

Full text of Washington Revised Code of Washington § 32.20.080 — Municipal bonds in adjoining state., with citation guidance and answers to common questions.

§ 32.20.080. Municipal bonds in adjoining state.

A mutual savings bank may invest its funds in the valid bonds of any incorporated city having a population in excess of three thousand inhabitants as shown by the last decennial federal census or of any county or school district situated in one of the states of the United States which adjoins the state of Washington: PROVIDED, That the indebtedness of such city or school district, together with the indebtedness of any other district or other municipal corporation or subdivision (except a county) which is wholly or in part included within the boundaries or limits of the city or school district, less its water debt and sinking fund, does not exceed twelve percent, or the indebtedness of the county less its sinking fund does not exceed seven percent, of the valuation thereof for the purposes of taxation.
[ 1955 c 13 s 32.20.080. Prior: 1937 c 95 s 4; 1929 c 74 s 7; 1925 ex.s. c 86 s 4; 1921 c 156 s 11e; RRS s 3381-7.]

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

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Frequently Asked Questions About Washington § 32.20.080

What does Revised Code of Washington § 32.20.080 cover?

Section 32.20.080 ("Municipal bonds in adjoining state.") 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 § 32.20.080?

A common citation format is "Revised Code of Washington § 32.20.080" (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 § 32.20.080 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.

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