§ 32.24.010 Liquidation of solvent bank
§ 32.24.020 Procedure to liquidate and dissolve
§ 32.24.030 Transfer of assets and liabilities to another bank
§ 32.24.040 Notice to correct unsafe conditions — Possession may be taken under specified circumstances
§ 32.24.050 Director may order levy of assessment — Liquidation of bank in unsound condition or insolvent
§ 32.24.060 Possession by director — Bank may contest
§ 32.24.070 Receiver prohibited except in emergency
§ 32.24.073 Voluntary closing — Possession of the director — Notice
§ 32.24.080 Transfer of assets when insolvent — Penalty
§ 32.24.090 Federal deposit insurance corporation as receiver or liquidator — Appointment — Powers and duties
§ 32.24.100 Payment or acquisition of deposit liabilities by federal deposit insurance corporation — Not hindered by judicial review — Liability

Terms Used In Washington Code > Chapter 32.24 - Insolvency and liquidation

  • Affirmed: In the practice of the appellate courts, the decree or order is declared valid and will stand as rendered in the lower court.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Transcript: A written, word-for-word record of what was said, either in a proceeding such as a trial or during some other conversation, as in a transcript of a hearing or oral deposition.
  • Trustee: A person or institution holding and administering property in trust.