Washington § 9.24.030 - Insolvent bank receiving deposit.

Full text of Washington Revised Code of Washington § 9.24.030 — Insolvent bank receiving deposit., with citation guidance and answers to common questions.

§ 9.24.030. Insolvent bank receiving deposit.

Every owner, officer, stockholder, agent or employee of any person, firm, corporation or association engaged, wholly or in part, in the business of banking or receiving money or negotiable paper or securities on deposit or in trust, who shall accept or receive, with or without interest, any deposit, or who shall consent thereto or connive thereat, when he or she knows or has good reason to believe that such person, firm, corporation or association is unsafe or insolvent, is guilty of a class B felony and shall be punished by imprisonment in a state correctional facility for not more than ten years, or by a fine of not more than ten thousand dollars.
[ 2003 c 53 s 18; 1992 c 7 s 6; 1909 c 249 s 388; 1893 c 111 s 1; RRS s 2640. Formerly RCW 9.45.140.]

Notes

Intent—Effective date—2003 c 53: See notes following RCW 2.48.180.
Application to mutual savings banks: RCW 32.04.120.
Receiving deposits by bank after insolvency: State Constitution Art. 12 s 12, RCW 30A.44.120.

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

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Frequently Asked Questions About Washington § 9.24.030

What does Revised Code of Washington § 9.24.030 cover?

Section 9.24.030 ("Insolvent bank receiving deposit.") 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 § 9.24.030?

A common citation format is "Revised Code of Washington § 9.24.030" (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 § 9.24.030 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.