Before such capital notes or debentures are retired or paid by the bank or mutual savings bank, any existing impairment of its capital stock must be overcome or corrected to the satisfaction of the director.
RCW 30A.36.040
Impairment to be corrected before retirement of notes or debentures.
2014 c 37 s 207; 1994 c 92 s 78; 1955 c 33 s 30.36.040
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.