Washington § 32.20.430 - Loans to banks or trust companies.

Full text of Washington Revised Code of Washington § 32.20.430 — Loans to banks or trust companies., with citation guidance and answers to common questions.

§ 32.20.430. Loans to banks or trust companies.

A mutual savings bank may invest its funds in loans to banks or trust companies which mature on the next business day following the day of making such loan. The loans may be evidenced by any writing or ledger entries deemed adequate by the mutual savings bank and may be secured or unsecured. The loans made hereunder are payable on the same basis as are regular deposits in such banks, and therefore the transactions may be characterized for accounting and statement purposes and carried on the books of the mutual savings bank as either a deposit with or a loan to the bank.
[ 1971 ex.s. c 222 s 3.]

Notes

Severability—1971 ex.s. c 222: See note following RCW 32.04.085.

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

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Frequently Asked Questions About Washington § 32.20.430

What does Revised Code of Washington § 32.20.430 cover?

Section 32.20.430 ("Loans to banks or trust companies.") 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 § 32.20.430?

A common citation format is "Revised Code of Washington § 32.20.430" (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 § 32.20.430 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.