Washington Statutes

§ 32.16.140 — Violations—Trustees' or directors' liability.

Washington § 32.16.140
JurisdictionWashington
Title 32WASHINGTON SAVINGS BANK ACT
Ch. 32.16OFFICERS AND EMPLOYEES

This text of Washington § 32.16.140 (Violations—Trustees' or directors' 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 § 32.16.140 (2026).

Text

If the trustees or directors of any savings bank or holding company shall knowingly violate, or knowingly permit any of the officers, agents, or employees of the savings bank or holding company to violate any of the provisions of this title or any lawful regulation or directive of the director, and if the trustees or directors are aware that such facts and circumstances constitute such violations, then each trustee or director who participated in or assented to the violation is personally and individually liable for all damages which the state or any insurer of the deposits of the savings bank sustains due to the violation. Effective date — 2010 c 88: See RCW 32.50.900 .

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Related

§ 32.50.900
Washington § 32.50.900

Legislative History

[2010 c 88 s 56;1994 c 92 s 335;1989 c 180 s 9.]

Nearby Sections

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Bluebook (online)
Washington § 32.16.140, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/32.16.140.