HOUSE BILL 1036





                        57th Legislature

                2001 Regular Legislative Session


Passed by the House February 20, 2001

  Yeas 97   Nays 0




Speaker of the House of Representatives




Speaker of the House of Representatives





Passed by the Senate April 12, 2001

  Yeas 46   Nays 0



We, Timothy A. Martin and Cynthia Zehnder, Co-Chief Clerks of the House of Representatives of the State of Washington, do hereby certify that the attached is HOUSE BILL 1036  as passed by the House of Representatives and the Senate on the dates hereon set forth.




                          Chief Clerk




                          Chief Clerk

President of the Senate




Approved Place Style On Codes above, and Style Off Codes below.              




Governor of the State of Washington

                   Secretary of State

                  State of Washington

Z-0362.1  _______________________________________________


                          HOUSE BILL 1036



             Passed Legislature - 2001 Regular Session


State of Washington      57th Legislature     2001 Regular Session


By Representatives Benson and Hatfield; by request of Department of Financial Institutions


Read first time 01/11/2001.  Referred to Committee on Financial Institutions & Insurance.

Investigating alien banks.

    AN ACT Relating to the investigation of alien banks; and amending RCW 30.42.140.




    Sec. 1.  RCW 30.42.140 and 1994 c 92 s 91 are each amended to read as follows:

    The director, without previous notice, shall visit the office of an alien bank doing business in this state pursuant to this chapter at least once ((in each year)) every eighteen months, and more often if necessary, for the purpose of making a full investigation into the condition of such office, and for that purpose they are hereby empowered to administer oaths and to examine under oath any director or member of its governing body, officer, employee, or agent of such alien bank or office.  The director shall make such other full or partial examination as he or she deems necessary.  The director shall collect, from each alien bank for each examination of the conditions of its office in this state, the estimated actual cost of such examination.


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