Washington § 35.07.120 - Receiver — Qualification — Bond.

Full text of Washington Revised Code of Washington § 35.07.120 — Receiver — Qualification — Bond., with citation guidance and answers to common questions.

§ 35.07.120. Receiver — Qualification — Bond.

The receiver must qualify within ten days after he or she has been declared elected, by filing with the county auditor a bond equal in penalty to the audited indebtedness and the established liabilities of the city or town with sureties approved by the board of county commissioners, or if the board is not in session, by the judge of the superior court of the county. The bond shall run to the state and shall be conditioned for the faithful performance of his or her duties as receiver and the prompt payment in the order of their priority of all lawful claims finally established as the funds come into his or her hands to discharge them. The bond shall be filed with the county auditor and shall be a public record and shall be for the benefit of every person who may be injured by the receiver's failure to discharge his or her duty.
[ 2009 c 549 s 2002; 1965 c 7 s 35.07.120. Prior: 1897 c 69 s 7; RRS s 8920.]

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Frequently Asked Questions About Washington § 35.07.120

What does Revised Code of Washington § 35.07.120 cover?

Section 35.07.120 ("Receiver — Qualification — Bond.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 35.07.120?

A common citation format is "Revised Code of Washington § 35.07.120" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 35.07.120 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

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