{"data":{"id":"us-wa/rcw-32.32.030","jurisdiction":"us-wa","citation":"RCW 32.32.030","heading":"Prohibition on approval of certain applications for conversion.","body":"No application for conversion may be approved by the director if:\n(1) The plan of conversion adopted by the applicant's board of directors is not in accordance with this chapter;\n(2) The conversion would result in a reduction of the applicant's net worth below requirements established by the director;\n(3) The conversion may result in a taxable reorganization of the applicant under the United States Internal Revenue Code of 1954, as amended; or\n(4) The converted savings bank does not meet the insurance requirements as established by the director.","path":["Title 32","Chapter 32.32"],"source_url":"https://app.leg.wa.gov/rcw/default.aspx?cite=32.32.030","current_through":"July 15, 2026","vintage":"","retrieved_at":"2026-09-06T02:05:01Z","sha256":"2fd63f4193ddbdd33784793debadbf2c2f51b8f6cc5296b6570ed749a9b0dc18","source_id":"us-wa","stale":false,"prev":"us-wa/rcw-32.32.025","next":"us-wa/rcw-32.32.035"},"notice":"GroundRules: Original legal text. Not legal advice."}