A mutual savings bank may invest in housing or industrial development bonds or municipal obligations issued by a state, county, parish, borough, city, or district situated in the United States, or by any instrumentality thereof, provided such bonds or obligations at the time of purchase are prudent investments.
RCW 32.20.090
Housing and industrial development bonds and municipal obligations in any state.
1985 c 56 s 11; 1955 c 13 s 32.20.090
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.