Washington § 22.09.610 Action on bond by director—When authorized—New bond, when required—Penalty for failure to file.

Washington Statutes

§ 22.09.610 — Action on bond by director—When authorized—New bond, when required—Penalty for failure to file.

Washington § 22.09.610

Title 22WAREHOUSING AND DEPOSITS

Ch. 22.09AGRICULTURAL COMMODITIES

This text of Washington § 22.09.610 (Action on bond by director—When authorized—New bond, when required—Penalty for failure to file.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wash. Rev. Code § 22.09.610 (2026).

Text

Upon the refusal of the surety company to pay the demand, the director may thereupon bring an action on the warehouse operator's or grain dealer's bond in behalf of the depositor creditors. Upon any action being commenced on the bond, the director may require the filing of a new bond, and immediately upon the recovery in any action on the bond, a new bond shall be filed. The failure to file the new bond or otherwise satisfy the security requirements of this chapter within ten days in either case constitutes grounds for the suspension or revocation of the license of any principal on the bond.

Severability — 1987 c 509: See note following RCW 22.09.060 .

Severability — 1983 c 305: See note following RCW 20.01.010 .

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Upon the refusal of the surety company to pay the demand, the director may thereupon bring an action on the warehouse operator's or grain dealer's bond in behalf of the depositor creditors. Upon any action being commenced on the bond, the director may require the filing of a new bond, and immediately upon the recovery in any action on the bond, a new bond shall be filed. The failure to file the new bond or otherwise satisfy the security requirements of this chapter within ten days in either case constitutes grounds for the suspension or revocation of the license of any principal on the bond.

Severability — 1987 c 509: See note following RCW 22.09.060 .

Severability — 1983 c 305: See note following RCW 20.01.010 .