Washington Code 32.20.310 – Deposit of securities
Current as of: 2023 | Check for updates
|
Other versions
A savings bank may deposit securities owned by it, for safekeeping, with any duly designated depositary for the bank’s funds. The written statement of the depositary that it holds for safekeeping specified securities of a savings bank may be taken as evidence of the facts therein shown by any public officer or any officer of the bank or committee of its trustees whose duty it is to examine the affairs and assets of the bank.
Terms Used In Washington Code 32.20.310
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- savings bank: whenever used in this chapter , shall mean a mutual savings bank organized and existing under the laws of the state of Washington. See Washington Code 32.20.010