There is a newer version of the Revised Code of Washington
2016 Revised Code of Washington
Title 31 - MISCELLANEOUS LOAN AGENCIES
31.12 Washington state credit union act.
CREDIT UNION ORGANIZATION
- 31.12.015 Declaration of policy.
- 31.12.025 Use of words in name.
- 31.12.035 Application for permission to organize—Approval.
- 31.12.055 Manner of organizing—Articles of incorporation—Submission to director.
- 31.12.065 Bylaws—Submission to director.
- 31.12.075 Approval, denial of proposed credit union—Appeal.
- 31.12.085 Filing upon approval—Fee—Notice to director—Authority to commence business.
CORPORATE GOVERNANCE
- 31.12.105 Amendment to articles of incorporation—Approval of director—Procedure.
- 31.12.115 Amendment to bylaws—Approval of director required—Procedure.
- 31.12.185 Annual membership meetings.
- 31.12.195 Special membership meetings.
- 31.12.225 Board of directors—Election of directors—Terms—Vacancies—Meetings—Rules.
- 31.12.235 Directors—Qualifications—Operating officers and employees may serve.
- 31.12.246 Removal of directors—Interim directors.
- 31.12.251 Removal of directors—No quorum.
- 31.12.255 Board of directors—Powers and duties.
- 31.12.265 Officers.
- 31.12.267 Directors and officers—Fiduciary duty—Information relied on.
- 31.12.269 Directors and committee members—Limitations on personal liability—Exceptions.
- 31.12.285 Suspension of members of board or supervisory committee by board—For cause.
- 31.12.326 Supervisory committee—Membership—Terms—Vacancies—Operating officers and employees may not serve.
- 31.12.335 Supervisory committee—Duties.
- 31.12.345 Suspension of members of a committee or members of the board by supervisory committee—For cause.
- 31.12.365 Directors and supervisory committee members—Compensation—Reimbursement—Rules.
- 31.12.367 Risk—Bond coverage—Notice to director—Timing.
- 31.12.372 Director may suspend any person, reason—Notice—Injunctions.
MEMBERSHIP
- 31.12.382 Limitation on membership.
- 31.12.384 Membership.
- 31.12.386 Voting rights—Methods—Proxy—Under eighteen years of age.
- 31.12.388 Expulsion of member—Challenge—Share and deposit accounts.
POWERS OF CREDIT UNIONS
- 31.12.402 Powers.
- 31.12.404 Additional powers—Powers conferred on federal credit union—Authority of director.
- 31.12.408 Insurance required after December 31, 1998—Federal share insurance program or an equivalent share insurance program—Director's findings.
- 31.12.413 Low-income credit unions—Director's approval required—Powers—Rules.
MEMBERS' ACCOUNTS
- 31.12.416 Shares and deposits governed by chapter 30.22 RCW—Limitation on shares and deposits—Notice of withdrawal—Lien rights.
- 31.12.418 Dividends.
LOANS TO MEMBERS
INVESTMENTS
- 31.12.436 Investment of funds—When investment later becomes impermissible (as amended by 2015 c 114).
- 31.12.436 Investment of funds—When investment later becomes impermissible (as amended by 2015 c 123).
- 31.12.438 Investment in real property or leasehold interests—Limitations—Future expansion—Rules.
MERGERS, CONVERSIONS, AND VOLUNTARY LIQUIDATIONS
- 31.12.461 Mergers.
- 31.12.464 Merger or conversion of state into federal, out-of-state, or foreign credit union, or other type of financial institution.
- 31.12.467 Merger or conversion of federal, out-of-state, or foreign to state credit union.
- 31.12.471 Authority of out-of-state or foreign credit union to operate in this state—Conditions—Rules.
- 31.12.474 Liquidation—Disposition of unclaimed funds.
EXAMINATION AND SUPERVISION
- 31.12.516 Powers of director.
- 31.12.518 Powers of director under chapter 19.144 RCW.
- 31.12.545 Examinations and investigations—Reports—Access to records—Oaths—Subpoenas.
- 31.12.565 Examination reports and specified other information confidential—Exceptions—Penalty.
- 31.12.567 Reports—Financial and statistical data—As required by director.
- 31.12.569 Generally accepted accounting principles.
- 31.12.571 Notice of intent to establish branch—Another state or foreign jurisdiction.
- 31.12.575 Removal or prohibition orders—Director's authority—Notice.
- 31.12.580 Contents of notice under RCW 31.12.575—Hearing—Order.
- 31.12.585 Prohibited acts—Notice—Cease and desist order.
- 31.12.595 Temporary cease and desist order—Notice—Principal place of business—Superior court.
- 31.12.625 Administrative hearing—Procedures.
- 31.12.630 Authority of director to call special meeting of board.
- 31.12.633 Authority of director to attend meetings of the board.
- 31.12.637 Intervention by director—Conditions.
- 31.12.641 Supervision by director—Notice—Compliance—Costs.
- 31.12.644 Supervision by director—Certain acts prohibited.
- 31.12.647 Supervision by director—Credit union request for review.
- 31.12.651 Conservator—Authorized actions—Costs.
- 31.12.654 Actions by conservator—Review.
- 31.12.657 Lawsuits during period of conservatorship.
- 31.12.661 Conservator serves until purposes are accomplished.
- 31.12.664 Liquidation—Suspension or revocation of articles—Placement in involuntary liquidation—Appointment of liquidating agent—Notice—Procedure—Effect.
- 31.12.667 Order directing involuntary liquidation—Procedure.
- 31.12.671 Receivership—Appointment of receiver by director—Notice—Act without bond.
- 31.12.674 Director's orders—Notice to director of hearing—Hearing—Principal place of business—Superior court.
- 31.12.677 Powers and duties of receiver.
- 31.12.681 Claims against credit union in receivership—Notice.
- 31.12.684 Receiver shall inventory assets—File lists of assets and claims—Objections to approved claims.
- 31.12.687 Expenses incurred by receiver.
- 31.12.691 Liquidation dividends—Approval of court.
- 31.12.694 Remaining assets—Distribution.
- 31.12.697 Unclaimed liquidation dividends.
- 31.12.701 Personal property—Receiver's duties.
- 31.12.704 Proceeds of sale—Deposit or payment by receiver.
- 31.12.707 Completion of receivership—Merger, purchase, or liquidation—Secretary of state.
- 31.12.711 Director may terminate receivership—Expenses.
- 31.12.714 Receivership files.
- 31.12.717 Pendency of proceedings for review of appointment of receiver—Liabilities of credit union—Availability of relevant data.
- 31.12.721 Appointment by court of temporary receiver—Notice to director.
- 31.12.724 Actions that are void—Felonious conduct—Penalties.
- 31.12.726 Conservator or receiver may terminate or adopt executory contracts—Timing—Binding terms—Liability.
- 31.12.728 Applicability of general receivership law.
MISCELLANEOUS
- 31.12.850 Prohibited acts—Criminal penalties.
- 31.12.853 Prohibited acts—Civil penalties—Rules.
- 31.12.860 Taxation of credit unions.
- 31.12.890 Satellite facilities.
- 31.12.891 Automated teller machines and night depositories security.
- 31.12.902 Short title.
- 31.12.906 Effective date—1997 c 397.
- 31.12.909 Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.
- 31.12.910 Effective date—2010 c 87.
NOTES:
Business license system exemption: RCW 19.02.800.
Credit unions as public depositories: RCW 39.58.240.
Fairness in lending act: RCW 30A.04.500 through 30A.04.515.
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