Guaranty fund — Payment of interest and dividends — When authorized.

RCW 32.08.116
in effect
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A savings bank not having net earnings or undivided profits or other surplus may pay interest and dividends from its guaranty fund upon prior written approval of the director, which approval shall not be withheld unless the director has determined that such payments would place the savings bank in an unsafe and unsound condition. A savings bank not having net earnings or undivided profits or other surplus may pay interest and dividends from its guaranty fund upon prior written approval of the director, which approval shall not be withheld unless the director has determined that such payments would place the savings bank in an unsafe and unsound condition.
Source: WA Statutes (Official Site)URL: https://app.leg.wa.gov/RCW/default.aspx?cite=32.08&full=trueFetched: 6/29/2026
RCW 32.08.116 — Guaranty fund — Payment of interest and dividends — When authorized | Revised Code of Washington | Corpus