Washington § 31.12.345 Suspension of members of a committee or members of the board by supervisory committee—For cause.

Washington Statutes

§ 31.12.345 — Suspension of members of a committee or members of the board by supervisory committee—For cause.

Washington § 31.12.345

Title 31MISCELLANEOUS LOAN AGENCIES

Ch. 31.12WASHINGTON STATE CREDIT UNION ACT

This text of Washington § 31.12.345 (Suspension of members of a committee or members of the board by supervisory committee—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 § 31.12.345 (2026).

Text

(1)The supervisory committee may, by unanimous vote, for cause, suspend a member of the board, until a special membership meeting called for that purpose is held in accordance with the requirements of RCW 31.12.195 . The membership meeting must be held within ninety days after the suspension. The members participating in that meeting shall vote whether to remove the suspended person or persons.

(2)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 supervisory committee, threaten the safety and soundness of the credit union.

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(1) The supervisory committee may, by unanimous vote, for cause, suspend a member of the board, until a special membership meeting called for that purpose is held in accordance with the requirements of RCW 31.12.195 . The membership meeting must be held within ninety days after the suspension. The members participating in that meeting shall vote whether to remove the suspended person or persons.

(2) 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 supervisory committee, threaten the safety and soundness of the credit union.