Bank acquisition or control — Definitions.

RCW 30A.04.400
in effect
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As used in RCW 30A.04.400 through 30A.04.410 , the following words shall have the following meanings: (1) "Control" means directly or indirectly alone or in concert with others to own, control, or hold the power to vote twenty-five percent or more of the outstanding stock or voting power of the "controlled" entity; (2) "Acquiring party" means the person acquiring control of a bank through the purchase of stock; and (3) "Person" means any individual, corporation, partnership, association, business trust, or other organization. As used in RCW 30A.04.400 through 30A.04.410 , the following words shall have the following meanings: (1) "Control" means directly or indirectly alone or in concert with others to own, control, or hold the power to vote twenty-five percent or more of the outstanding stock or voting power of the "controlled" entity; (2) "Acquiring party" means the person acquiring control of a bank through the purchase of stock; and (3) "Person" means any individual, corporation, partnership, association, business trust, or other organization.
Source: WA Statutes (Official Site)URL: https://app.leg.wa.gov/RCW/default.aspx?cite=30A.04&full=trueFetched: 6/29/2026

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