Washington § 31.12.285 Suspension of members of board or supervisory committee by board—For cause.

Washington Statutes

§ 31.12.285 — Suspension of members of board or supervisory committee by board—For cause.

Washington § 31.12.285

Title 31MISCELLANEOUS LOAN AGENCIES

Ch. 31.12WASHINGTON STATE CREDIT UNION ACT

This text of Washington § 31.12.285 (Suspension of members of board or supervisory committee by board—For cause.) 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 § 31.12.285 (2026).

Text

The board may, for cause, suspend a member of the board or a member of the supervisory committee until a special membership meeting, called for that purpose, is held under RCW 31.12.195 . The membership meeting must be held within ninety days after the suspension. The members attending the meeting shall vote whether to remove a suspended party. For purposes of this section, "cause" includes demonstrated financial irresponsibility, a breach of fiduciary duty to the credit union, or activities which, in the judgment of the board, threaten the safety and soundness of the credit union.

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The board may, for cause, suspend a member of the board or a member of the supervisory committee until a special membership meeting, called for that purpose, is held under RCW 31.12.195 . The membership meeting must be held within ninety days after the suspension. The members attending the meeting shall vote whether to remove a suspended party. For purposes of this section, "cause" includes demonstrated financial irresponsibility, a breach of fiduciary duty to the credit union, or activities which, in the judgment of the board, threaten the safety and soundness of the credit union.