Washington Statutes
§ 31.12.726 — Conservator or receiver may terminate or adopt executory contracts—Timing—Binding terms—Liability.
Washington § 31.12.726
This text of Washington § 31.12.726 (Conservator or receiver may terminate or adopt executory contracts—Timing—Binding terms—Liability.) 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 § 31.12.726 (2026).
Text
After the taking of possession of the property and business of a credit union, through conservatorship or receivership, the conservator or receiver may terminate or adopt any executory contract to which the credit union may be a party, including leases of real or personal property. The termination or adoption shall be made within six months after obtaining knowledge of the existence of the contract or lease. Any provision in the contract or lease which provides for damages or cancellation fees upon termination shall not be binding on the conservator, receiver, or credit union. The director, conservator, or receiver, and credit union are not liable for damages.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
[2010 c 87 s 18.]
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
Advertisements or promotions.Cite This Page — Counsel Stack
Bluebook (online)
Washington § 31.12.726, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/31.12.726.