Washington Code 31.20.110 – Funds to be deposited in designated depository
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A development credit corporation shall not deposit any of its funds in any institution unless such institution has been designated as a depository by a vote of a majority of the directors, exclusive of the vote of any director who is an officer or director of the depository so designated.
[ 1959 c 213 § 11.]
Terms Used In Washington Code 31.20.110
- 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.