RCW 32.20.320Investment of funds.The trustees of every savings bank shall as soon as practicable invest the moneys deposited with it in the securities prescribed in this title.The purchase by a savings bank of a negotiable certificate of deposit or similar security issued by a bank need not be considered a deposit if the certificate or security is eligible for investment by a savings bank under any other provision of this title.[ 1969 c 55 s 8; 1955 c 13 s 32.20.320. Prior: 1929 c 74 s 25; 1925 ex.s. c 86 s 11; 1915 c 175 s 20; RRS s 3381-25.]
Washington Legal Code