Washington Code 39.58.200 – Public depositary pool — Uniform treatment by commission
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For the purposes of this chapter, the commission shall include all public depositaries in a single public depositary pool. All public depositaries, as defined in RCW 39.58.010, shall be treated uniformly by the commission without regard to distinctions in the nature of its financial institution charter.
[ 2009 c 9 § 3.]
NOTES:
Effective date—2009 c 9: See note following RCW 39.58.010.
Terms Used In Washington Code 39.58.200
- Commission: means the Washington public deposit protection commission created under RCW 39. See Washington Code 39.58.010
- Financial institution: means any national or state chartered commercial bank or trust company, savings bank, savings association, or federal or state chartered credit union, or branch or branches thereof, located in this state and lawfully engaged in business;
Washington Code 39.58.010Public depositary: means a financial institution that has been approved by the commission to hold public deposits, and has segregated, for the benefit of the commission, eligible collateral having a value of not less than its maximum liability;
Washington Code 39.58.010