Purchase of own capital stock authorized.

RCW 30A.04.238
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(1) Notwithstanding any other provision of this title, a bank, with the prior approval of the director, may purchase shares of its own capital stock. (2) When a bank purchases such shares, its capital accounts shall be reduced appropriately. The shares shall be held as authorized but unissued shares. (1) Notwithstanding any other provision of this title, a bank, with the prior approval of the director, may purchase shares of its own capital stock. (2) When a bank purchases such shares, its capital accounts shall be reduced appropriately. The shares shall be held as authorized but unissued shares.
Source: WA Statutes (Official Site)URL: https://app.leg.wa.gov/RCW/default.aspx?cite=30A.04&full=trueFetched: 6/29/2026

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