Transactions in state trust company shares.

RCW 30B.04.080
in effect
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(1) A state trust company may acquire its own shares if: (a) The amount of its capital is sufficient to fully absorb the acquisition of the shares under regulatory accounting principles; or (b) The state trust company obtains the prior written approval of the director. (2) A state trust company may acquire a lien upon its own shares if: (a) The aggregate amount of indebtedness so secured is less than the amount of the state trust company's capital; or (b) The state trust company obtains the prior written approval of the director. (1) A state trust company may acquire its own shares if: (a) The amount of its capital is sufficient to fully absorb the acquisition of the shares under regulatory accounting principles; or (b) The state trust company obtains the prior written approval of the director. (2) A state trust company may acquire a lien upon its own shares if: (a) The aggregate amount of indebtedness so secured is less than the amount of the state trust company's capital; or (b) The state trust company obtains the prior written approval of the director.
Source: WA Statutes (Official Site)URL: https://app.leg.wa.gov/RCW/default.aspx?cite=30B.04&full=trueFetched: 6/29/2026

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