§ 31.12.416 — Shares and deposits governed by chapter30.22RCW—Limitation on shares and deposits—Notice of withdrawal—Lien rights.

Washington § 31.12.416

• Jurisdiction: Washington
• Title 31: MISCELLANEOUS LOAN AGENCIES
• Ch. 31.12: WASHINGTON STATE CREDIT UNION ACT

Text

(1) Shares held and deposits made in a credit union by a natural person are governed by *chapter 30.22 RCW.

(2) A credit union may require ninety days notice of a member's intention to withdraw shares or deposits. The notice requirement may be extended with the written consent of the director.

(3) A credit union will have a lien on all shares and deposits, including, but not limited to, dividends, interest, and any other earnings and accumulations thereon, of any share account holder or depositor, to the extent of any obligation owed to the credit union by the share account holder or depositor.

*Reviser's note: Chapter 30.22 RCW was recodified as chapter 30A.22 RCW pursuant to 2014 c 37 s 4, effective January 5, 2015.

Findings — Construction — 1994 c 256: See RCW 43.320.007 .

Legislative History

[1997 c 397 s 32. Prior:1994 c 256 s 83;1994 c 92 s 194;1984 c 31 s 40. Formerly RCW31.12.385.]