RCW 30B.04.080: Transactions in state trust company shares.
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Washington Code › Title 30B › Chapter 04 › Section 080
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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.
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