Washington § 30A.12.240 Violations—Director liability.

Washington Statutes

§ 30A.12.240 — Violations—Director liability.

Washington § 30A.12.240

Title 30AWASHINGTON COMMERCIAL BANK ACT

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

This text of Washington § 30A.12.240 (Violations—Director liability.) 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.12.240 (2026).

Text

If the directors of any bank or holding company shall knowingly violate, or knowingly permit any of the officers, agents, or employees of the bank to violate any of the provisions of this title or any lawful regulation or directive of the director, and if the directors are aware that such facts and circumstances constitute such violations, then each director who participated in or assented to the violation is personally and individually liable for all damages which the state or any insurer of the deposits of the bank sustains due to the violation.

Effective date — 2010 c 88: See RCW 32.50.900 .

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If the directors of any bank or holding company shall knowingly violate, or knowingly permit any of the officers, agents, or employees of the bank to violate any of the provisions of this title or any lawful regulation or directive of the director, and if the directors are aware that such facts and circumstances constitute such violations, then each director who participated in or assented to the violation is personally and individually liable for all damages which the state or any insurer of the deposits of the bank sustains due to the violation.

Effective date — 2010 c 88: See RCW 32.50.900 .