Washington Statutes
§ 31.12.251 — Removal of directors—No quorum.
Washington § 31.12.251
This text of Washington § 31.12.251 (Removal of directors—No quorum.) 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 § 31.12.251 (2026).
Text
If at any time because of the removal of one or more credit union directors under this chapter, the board of directors of a credit union has less than a quorum of directors, all powers and functions vested in or exercisable by the board vest in and are exercisable by the director or directors remaining until such a time as there is a quorum on the board of directors. If all of the directors of a credit union are removed under this chapter, the director of the department of financial institutions shall appoint persons to serve temporarily as directors of the credit union until such a time as their respective successors take office.
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Legislative History
[2010 c 87 s 19.]
Nearby Sections
15
§ 31.04.015
Definitions.§ 31.04.025
Application of chapter.§ 31.04.027
Violations of chapter.§ 31.04.035
License required—When violation occurs.§ 31.04.055
License—Director's duties.§ 31.04.065
License—Information contained.§ 31.04.075
Licensee—Place of business.§ 31.04.085
Licensee—Assessment—Bond—Time of payment.§ 31.04.105
Licensee—Powers—Restrictions.§ 31.04.125
Loan restrictions—Interest calculations.§ 31.04.135
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Bluebook (online)
Washington § 31.12.251, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/31.12.251.