Washington § 32.32.515 - Guaranty fund.

Full text of Washington Revised Code of Washington § 32.32.515 — Guaranty fund., with citation guidance and answers to common questions.

§ 32.32.515. Guaranty fund.

The guaranty fund of a mutual savings bank converted under this chapter shall become surplus of the converted savings bank, but shall not be available after conversion for purposes other than those purposes for which a guaranty fund may be used by a mutual savings bank under Title 32 RCW. No contribution need be made to the guaranty fund by the converted savings bank after conversion. When any provision of any other chapter of this title refers to the amount of the guaranty fund for the purpose of determining the extent of the authority of a savings bank, and not for purposes of prescribing the use of funds in or contributions to the guaranty fund, such provision shall be deemed to refer to an amount including capital surplus and paid-in capital of a stock savings bank.
[ 1994 c 256 s 113; 1981 c 85 s 102.]

Notes

Findings—Construction—1994 c 256: See RCW 43.320.007.

Related Washington Legal Topics

Frequently Asked Questions About Washington § 32.32.515

What does Revised Code of Washington § 32.32.515 cover?

Section 32.32.515 ("Guaranty fund.") 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 § 32.32.515?

A common citation format is "Revised Code of Washington § 32.32.515" (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 § 32.32.515 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.