Washington Administrative Code (Last Updated: November 23, 2016) |
Title 389. State Treasurer's Office (Public Deposit Protection Commission) |
Chapter 389-12. Practice and procedure—Public depositaries. |
Section 389-12-035. Withdrawing public depositaries.
Latest version.
- No public depositary shall be released from its duties and liabilities until such financial institution has reported four accurate, consecutive commission reports indicating a zero balance of public funds on deposit. At such time, upon request by a public depositary, the commission shall terminate a financial institution's status as a public depositary.