30.42.020 - Definitions. - Washington Statutes

Definitions.

For the purposes of this chapter, the following terms shall be defined as follows:

     (1) "Alien bank" means a bank organized under the laws of a foreign country and having its principal place of business in that country, the majority of the beneficial ownership and control of which is vested in citizens of countries other than the United States of America.

     (2) "Office" means a branch or agency of an alien bank carrying on business in this state pursuant to this chapter.

     (3) "Branch" means an office of an alien bank that is exercising the powers authorized by RCW 30.42.105, 30.42.115, and 30.42.155.

     (4) "Agency" means an office of an alien bank that is exercising the powers authorized by RCW 30.42.180.

     (5) "Bureau" means an alien bank's operation in this state exercising the powers authorized by RCW 30.42.230.

[1994 c 92 § 80; 1983 c 3 § 48; 1973 1st ex.s. c 53 § 2.]