RCW 30B.04.080 Transactions in state trust company shares.
(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.
[ 2014 c 37 § 310.]
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