Washington § 33.12.060 Dealings with directors, officers, agents, employees prohibited—Exception.

Washington Statutes

§ 33.12.060 — Dealings with directors, officers, agents, employees prohibited—Exception.

Washington § 33.12.060

Title 33WASHINGTON SAVINGS ASSOCIATION ACT

Ch. 33.12POWERS AND RESTRICTIONS

This text of Washington § 33.12.060 (Dealings with directors, officers, agents, employees prohibited—Exception.) 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 § 33.12.060 (2026).

Text

An association shall make no loan to or sell to or purchase any real property or securities from any director, officer, agent, or employee of an association except to the extent permitted to or from a director, officer, agent, or employee of a federal savings association.

Reviser's note: This section was amended by 1994 c 92 s 437 and by 1994 c 256 s 121, each without reference to the other. Both amendments are incorporated in the publication of this section pursuant to RCW 1.12.025 (2). For rule of construction, see RCW 1.12.025 (1).

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

Severability — 1982 c 3: See note following RCW 33.04.002 .

Severability — 1979 c 113: See note following RCW 33.04.020 .

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An association shall make no loan to or sell to or purchase any real property or securities from any director, officer, agent, or employee of an association except to the extent permitted to or from a director, officer, agent, or employee of a federal savings association.

Reviser's note: This section was amended by 1994 c 92 s 437 and by 1994 c 256 s 121, each without reference to the other. Both amendments are incorporated in the publication of this section pursuant to RCW 1.12.025 (2). For rule of construction, see RCW 1.12.025 (1).

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

Severability — 1982 c 3: See note following RCW 33.04.002 .

Severability — 1979 c 113: See note following RCW 33.04.020 .

Legislative History

[1994 c 256 s 121;1994 c 92 s 437;1985 c 239 s 1;1982 c 3 s 25;1979 c 113 s 3;1953 c 71 s 2;1947 c 257 s 3;1945 c 235 s 35; Rem. Supp. 1947 s 3717-154. Prior:1939 c 98 s 10; 1933 c 183 ss 51, 53.]