All institutions located in this state which are permitted by the statutes of this state to hold and receive public funds shall have power to secure such deposits in accordance with this chapter. Except as provided in this chapter, no bond or other security shall be required of or given by any public depositary for any public funds on deposit.
RCW 39.58.090
Authority to secure deposits in accordance with chapter—Bonds and securities for deposits dispensed with.
1996 c 256 s 10; 1984 c 177 s 15; 1969 ex.s. c 193 s 9.
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.