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Washington Revised Code Title 32. Washington Savings Bank Act § 32.20.320. Investment of funds

Current as of January 01, 2025 | Updated by Findlaw Staff

The trustees of every savings bank shall as soon as practicable invest the moneys deposited with it in the securities prescribed in this title.

The purchase by a savings bank of a negotiable certificate of deposit or similar security issued by a bank need not be considered a deposit if the certificate or security is eligible for investment by a savings bank under any other provision of this title.

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Cite this article: FindLaw.com - Washington Revised Code Title 32. Washington Savings Bank Act § 32.20.320. Investment of funds - last updated January 01, 2025 | https://codes.findlaw.com/wa/title-32-washington-savings-bank-act/wa-rev-code-32-20-320/

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