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15 chapters · 162 sections in this title.
RCW 33.16.010 Directors—Number—Vacancies.
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The business and affairs of every association shall be managed and controlled by a board of not less than seven nor more than fifteen directors, a majority of which shall not be officers or employees of the association. The persons designated in the articles of incorporation shal…
RCW 33.16.020 Directors—Qualifications—Eligibility.
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The board of directors shall be elected at the annual meeting, unless the bylaws of the association otherwise provide. A person shall not be a director of an association if the person has been adjudicated bankrupt or has taken the benefit of any assignment for the benefit of cred…
RCW 33.16.030 Directors—Prohibited acts.
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A director of a savings and loan association shall not, except to the extent permitted for a director of a federal savings and loan association: (1) Have any interest, direct or indirect, in the gains or profits of the association, except to receive dividends, or interest upon hi…
RCW 33.16.040 Removal of director, officer or employee on objection of director of financial institutions—Procedure.
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If the director shall notify the board of directors of any association in writing, that he or she has information that any director, officer, or employee of such association is dishonest, reckless, or incompetent or is failing to perform any duty of his or her office, the board s…
