Funds to be deposited in designated depository.

RCW 31.20.110
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
A development credit corporation shall not deposit any of its funds in any institution unless such institution has been designated as a depository by a vote of a majority of the directors, exclusive of the vote of any director who is an officer or director of the depository so designated. A development credit corporation shall not deposit any of its funds in any institution unless such institution has been designated as a depository by a vote of a majority of the directors, exclusive of the vote of any director who is an officer or director of the depository so designated.
Source: WA Statutes (Official Site)URL: https://app.leg.wa.gov/RCW/default.aspx?cite=31.20&full=trueFetched: 6/29/2026

Starting a business in Washington? Washington LLC guide: costs and requirements