33.24.010 - Loans to any one person -- Limitation.

Loans to any one person — Limitation.

An association may invest its funds only as provided in this chapter.

     It shall not invest more than two and a half percent of its assets in any loan or obligation to any one person, except with the written approval of the director.

[1994 c 92 § 445; 1982 c 3 § 45; 1979 c 113 § 6; 1963 c 246 § 7; 1953 c 71 § 6; 1947 c 257 § 5; 1945 c 235 § 58; Rem. Supp. 1947 § 3717-177. Prior: 1939 c 98 § 11; 1933 c 183 §§ 39, 52, 56, 58; 1925 ex.s. c 144 § 5; 1913 c 110 §§ 8, 9; 1903 c 116 § 2; 1890 p 56 §§ 4, 30.]

Notes: Severability -- 1982 c 3: See note following RCW 33.04.002.

Severability -- 1979 c 113: See note following RCW 33.04.020.