Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2025 | Updated by Findlaw Staff
A domestic association shall be incorporated either as a stock or a mutual association. The articles of incorporation shall specifically state:
(1) The name of the association, which shall include the words:
(a) “Savings association”;
(b) “Savings and loan association”; or
(c) “Savings bank”;
(2) The city or town and county in which it is to have its principal place of business;
(3) The name, occupation, and place of residence of all incorporators, the majority of whom shall be Washington residents;
(4) Its purposes;
(5) Its duration, which may be for a stated number of years or perpetual;
(6) The amount of paid-in savings with which the association will commence business;
(7) The names, occupations, and addresses of the first directors;
(8) Whether the association is organized as a stock or mutual association and who has membership rights and the relative rights of different classes of members of the association; and
(9) Any provision the incorporators elect to so set forth which is permitted by RCW 23B.17.030.
The articles of incorporation may contain any other provisions consistent with the laws of this state and the provisions of this title pertaining to the association's business or the conduct of its affairs.
Cite this article: FindLaw.com - Washington Revised Code Title 33. Washington Savings Association Act § 33.08.030. Domestic association as stock or mutual association--Articles of incorporation - last updated January 01, 2025 | https://codes.findlaw.com/wa/title-33-washington-savings-association-act/wa-rev-code-33-08-030/
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.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)