Washington § 32.16.120 Fidelity bonds.

Washington Statutes

§ 32.16.120 — Fidelity bonds.

Washington § 32.16.120

Title 32WASHINGTON SAVINGS BANK ACT

Ch. 32.16OFFICERS AND EMPLOYEES

This text of Washington § 32.16.120 (Fidelity bonds.) 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 § 32.16.120 (2026).

Text

The trustees of every savings bank shall have power to require from the officers, clerks, and agents thereof such security for their fidelity and the faithful performance of their duties as the trustees deem necessary. Such security may be accepted from any company authorized to furnish fidelity bonds and doing business under the laws of this state, and the premiums therefor may be paid as a necessary expense of the savings bank.

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The trustees of every savings bank shall have power to require from the officers, clerks, and agents thereof such security for their fidelity and the faithful performance of their duties as the trustees deem necessary. Such security may be accepted from any company authorized to furnish fidelity bonds and doing business under the laws of this state, and the premiums therefor may be paid as a necessary expense of the savings bank.