Washington § 31.12.641 - Supervision by director — Notice — Compliance — Costs.

Full text of Washington Revised Code of Washington § 31.12.641 — Supervision by director — Notice — Compliance — Costs., with citation guidance and answers to common questions.

§ 31.12.641. Supervision by director — Notice — Compliance — Costs.

(1) As authorized by RCW 31.12.637, the director may determine to place a credit union under supervisory direction. Upon such a determination, the director shall notify the credit union in writing of:
(a) The director's determination; and
(b) Any requirements that must be satisfied before the director shall terminate the supervisory direction.
(2) The credit union must comply with the requirements of the director as provided in the notice. If the credit union fails to comply with the requirements, the director may appoint a conservator, liquidating agent, or receiver for the credit union, in accordance with this chapter. The director may appoint a representative to supervise the credit union during the period of supervisory direction.
(3) All costs incident to supervisory direction will be a charge against the assets of the credit union to be allowed and paid as the director may determine.
[ 1997 c 397 s 61.]

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 31.12.641

What does Revised Code of Washington § 31.12.641 cover?

Section 31.12.641 ("Supervision by director — Notice — Compliance — Costs.") 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 § 31.12.641?

A common citation format is "Revised Code of Washington § 31.12.641" (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.

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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.

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