Washington Code 30A.08.092 – Increase or decrease of capital stock authorized
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A bank may increase or decrease its capital stock by amendment to its articles of incorporation. No issuance of capital stock shall be valid, until the amount thereof shall have been actually paid in. No reduction of the capital stock shall be made to an amount less than is required for capital by the director.
NOTES:
Findings—Construction—1994 c 256: See RCW 43.320.007.
Terms Used In Washington Code 30A.08.092
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.