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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) Any funds of any agricultural commodity commission may be invested in savings or time deposits in banks, trust companies, and mutual savings banks that are doing business in the United States, up to the amount of insurance afforded such accounts by the Federal Deposit Insurance Corporation.
(2) This section shall apply to all funds which may be lawfully so invested, which in the judgment of any agricultural commodity commission are not required for immediate expenditure. The authority granted by this section is not exclusive and shall be construed to be cumulative and in addition to other authority provided by law for the investment of such funds, including, but not limited to, authority granted under chapters 39.58, 39.59, and 43.84 RCW.
Cite this article: FindLaw.com - Washington Revised Code Title 15. Agriculture and Marketing § 15.66.185. Investment of agricultural commodity commission funds in savings or time deposits of banks, trust companies, and mutual savings banks - last updated January 01, 2025 | https://codes.findlaw.com/wa/title-15-agriculture-and-marketing/wa-rev-code-15-66-185/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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