Section 389-12-045. Maximum liability established by resolution.

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Pursuant to RCW 39.58.010, the commission may from time to time set by resolution such other sum or measure to determine the maximum liability of a public depositary. In setting such other sum or measure, the commission shall consider factors including, but not limited to, the overall market conditions for financial institutions, the extent to which public deposit protections might be lessened, and the effects such change may have on other public depositaries.

[Statutory Authority: Chapter 39.58 RCW and RCW 39.58.040. WSR 09-16-010, § 389-12-045, filed 7/23/09, effective 8/23/09.]

Chapter 39.58 RCW and RCW 39.58.040. WSR 09-16-010, § 389-12-045, filed 7/23/09, effective 8/23/09.

                    
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