39.60.030 - Obligations eligible as collateral security. - Washington Statutes

Obligations eligible as collateral security.

Wherever, by statute of this state, collateral is required as security for the deposit of public or other funds; or deposits are required to be made with any public official or department; or an investment of capital or surplus, or a reserve or other fund is required to be maintained consisting of designated securities, the bonds and other securities herein made eligible for investment shall also be eligible for such purpose.

[1939 c 32 § 2; 1935 c 11 § 2; 1933 ex.s. c 37 § 3; RRS § 5545-3.]

Notes: Severability -- 1933 ex.s. c 37: See note following RCW 39.60.010.