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Washington Administrative Code (Last Updated: November 23, 2016) |
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Title 208. Financial Institutions, Department of (See Titles 50, 419, and 460) |
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Chapter 208-598. Foreign association branch application procedures. |
Section 208-598-030. Approval to conduct the business of an association in Washington.
Latest version.
- The information required by WAC 208-598-020 must demonstrate to the satisfaction of the director:(1) That the applicant, the directors of the applicant, and the chief officers of the applicant are each of good character and sound financial standing.(2) That the financial history and condition of the applicant are satisfactory.(3) That the applicant's plan to conduct the business of an association in Washington affords a reasonable promise of success.(4) That the state in which the home office of the applicant is located permits Washington associations to conduct the business of an association in such state in substantially the same manner as the applicant proposes in this state.[Statutory Authority: RCW 33.04.025 and 43.320.040. WSR 00-17-140, amended and recodified as § 208-598-030, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 33.32.030. WSR 88-02-067 (Order 87-1), § 419-60-030, filed 1/6/88.]
RCW 33.04.025 and 43.320.040. WSR 00-17-140, amended and recodified as § 208-598-030, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 33.32.030. WSR 88-02-067 (Order 87-1), § 419-60-030, filed 1/6/88.
Rules
208-598-020,