Washington § 30A.12.120 - Loans to officers or employees from trust funds — Penalty.

Full text of Washington Revised Code of Washington § 30A.12.120 — Loans to officers or employees from trust funds — Penalty., with citation guidance and answers to common questions.

§ 30A.12.120. Loans to officers or employees from trust funds — Penalty.

No corporation doing a trust business shall make any loan to any officer, or employee from its trust funds, nor shall it permit any officer, or employee to become indebted to it in any way out of its trust funds. Every officer, director, or employee of any such corporation, who knowingly violates this section, or who aids or abets any other person in any such violation, is guilty of a class B felony punishable according to chapter 9A.20 RCW.
[ 2003 c 53 s 188; 1955 c 33 s 30.12.120. Prior: 1917 c 80 s 53; RRS s 3260. Formerly RCW 30.12.120.]

Notes

Intent—Effective date—2003 c 53: See notes following RCW 2.48.180.

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

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Frequently Asked Questions About Washington § 30A.12.120

What does Revised Code of Washington § 30A.12.120 cover?

Section 30A.12.120 ("Loans to officers or employees from trust funds — Penalty.") 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 § 30A.12.120?

A common citation format is "Revised Code of Washington § 30A.12.120" (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 § 30A.12.120 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

Not legal advice. Verify against the official source and consult a licensed attorney in Washington.