30.42.170 - Advertising, status of federal insurance on deposits to be included -- Gifts for new deposits. - Washington Statutes

Advertising, status of federal insurance on deposits to be included — Gifts for new deposits.

(1) An alien bank that advertises the services of its branch in the state of Washington shall indicate on all advertising materials whether or not deposits placed with its branch are insured by the federal deposit insurance corporation.

     (2) A branch shall not make gifts to a new deposit customer of a greater value than five dollars in total. The value of the gifts shall be the cost to the branch of acquiring said gift.

[1973 1st ex.s. c 53 § 17.]