CERTIFICATION OF ENROLLMENT

                        HOUSE BILL 1036

                   Chapter 176, Laws of 2001

                        57th Legislature

                2001 Regular Legislative Session

ALIEN BANKS--INVESTIGATIONS

                    EFFECTIVE DATE:  7/22/01

Passed by the House February 20, 2001   Yeas 97   Nays 0               FRANK CHOPP Speaker of the House of Representatives              CLYDE BALLARD Speaker of the House of Representatives Passed by the Senate April 12, 2001   Yeas 46   Nays 0

CERTIFICATE 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.            CYNTHIA ZEHNDER                           Chief Clerk           TIMOTHY A. MARTIN                           Chief Clerk

ROSA FRANKLIN President of the Senate

Approved May 7, 2001 Place Style On Codes above, and Style Off Codes below.	FILED                               May 7, 2001 - 1:18 p.m.
GARY LOCKE 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.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

    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.

    Passed the House February 20, 2001.

    Passed the Senate April 12, 2001.

Approved by the Governor May 7, 2001.

    Filed in Office of Secretary of State May 7, 2001.