Without approval by the director no asset shall be carried on the books of the resulting state bank at a valuation higher than that on the books of the merging or converting state or national bank at the time of its last examination by a state examiner or national bank examiner before the effective date of the merger or conversion.
RCW 30A.49.120
Resulting state bank—Valuation of certain assets limited.
1994 c 92 s 149; 1955 c 33 s 30.49.120
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.