Washington § 31.12.367 Risk—Bond coverage—Notice to director—Timing.

Washington Statutes

§ 31.12.367 — Risk—Bond coverage—Notice to director—Timing.

Washington § 31.12.367

Title 31MISCELLANEOUS LOAN AGENCIES

Ch. 31.12WASHINGTON STATE CREDIT UNION ACT

This text of Washington § 31.12.367 (Risk—Bond coverage—Notice to director—Timing.) 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 § 31.12.367 (2026).

Text

(1)Each credit union must be adequately insured against risk. In addition, each director, officer, committee member, and employee of a credit union must be adequately bonded.

(2)When a credit union receives notice that its fidelity bond coverage will be suspended or terminated, the credit union shall notify the director in writing not less than thirty-five days prior to the effective date of the suspension or termination.

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(1) Each credit union must be adequately insured against risk. In addition, each director, officer, committee member, and employee of a credit union must be adequately bonded.

(2) When a credit union receives notice that its fidelity bond coverage will be suspended or terminated, the credit union shall notify the director in writing not less than thirty-five days prior to the effective date of the suspension or termination.