Washington § 30A.12.120 Loans to officers or employees from trust funds—Penalty.

Washington Statutes

§ 30A.12.120 — Loans to officers or employees from trust funds—Penalty.

Washington § 30A.12.120

Title 30AWASHINGTON COMMERCIAL BANK ACT

Ch. 30A.12OFFICERS, EMPLOYEES, AND STOCKHOLDERS

This text of Washington § 30A.12.120 (Loans to officers or employees from trust funds—Penalty.) 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 § 30A.12.120 (2026).

Text

No corporation doing a trust business shall make any loan to any officer, or employee from its trust funds, nor shall it permit any officer, or employee to become indebted to it in any way out of its trust funds. Every officer, director, or employee of any such corporation, who knowingly violates this section, or who aids or abets any other person in any such violation, is guilty of a class B felony punishable according to chapter 9A.20 RCW.

Intent — Effective date — 2003 c 53: See notes following RCW 2.48.180 .

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No corporation doing a trust business shall make any loan to any officer, or employee from its trust funds, nor shall it permit any officer, or employee to become indebted to it in any way out of its trust funds. Every officer, director, or employee of any such corporation, who knowingly violates this section, or who aids or abets any other person in any such violation, is guilty of a class B felony punishable according to chapter 9A.20 RCW.

Intent — Effective date — 2003 c 53: See notes following RCW 2.48.180 .