Washington § 32.16.130 Conversion of savings and loan association to mutual savings bank—Director may serve as trustee.

Washington Statutes

§ 32.16.130 — Conversion of savings and loan association to mutual savings bank—Director may serve as trustee.

Washington § 32.16.130

Title 32WASHINGTON SAVINGS BANK ACT

Ch. 32.16OFFICERS AND EMPLOYEES

This text of Washington § 32.16.130 (Conversion of savings and loan association to mutual savings bank—Director may serve as trustee.) 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 § 32.16.130 (2026).

Text

In the event a savings and loan association is converted to a mutual savings bank, any person, who at the time of such conversion was a director of the savings and loan association, may serve as a trustee of the mutual savings bank until he or she reaches the age of seventy-five years or until one year following the date of conversion of such savings and loan association, whichever is later. The bylaws of any mutual savings bank may modify this provision by requiring earlier retirement of any trustee affected hereby.

Severability — 1971 ex.s. c 222: See note following RCW 32.04.085 .

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In the event a savings and loan association is converted to a mutual savings bank, any person, who at the time of such conversion was a director of the savings and loan association, may serve as a trustee of the mutual savings bank until he or she reaches the age of seventy-five years or until one year following the date of conversion of such savings and loan association, whichever is later. The bylaws of any mutual savings bank may modify this provision by requiring earlier retirement of any trustee affected hereby.

Severability — 1971 ex.s. c 222: See note following RCW 32.04.085 .