Washington § 31.12.235 - Directors — Qualifications — Operating officers and employees may serve.

Full text of Washington Revised Code of Washington § 31.12.235 — Directors — Qualifications — Operating officers and employees may serve., with citation guidance and answers to common questions.

§ 31.12.235. Directors — Qualifications — Operating officers and employees may serve.

(1) A director must be a natural person and a member of the credit union. If a director ceases to be a member of the credit union, the director shall no longer serve as a director.
(2)(a) If a director is absent from more than one-fourth of the regular board meetings in any twelve-month period in a term without being reasonably excused by the board, the director shall no longer serve as a director for the period remaining in the term.
(b) The board secretary shall promptly notify the director that he or she shall no longer serve as a director. Failure to provide notice does not affect the termination of the director's service under (a) of this subsection.
(3) A director must meet any qualification requirements set forth in the credit union's bylaws. If a director fails to meet these requirements, the director shall no longer serve as a director.
(4) The operating officers and employees of the credit union may serve as directors of the credit union, but only as permitted by the credit union's bylaws. In no event may the operating officers and employees of the credit union constitute a majority of the board.
[ 2013 c 34 s 4; 2001 c 83 s 7; 1997 c 397 s 15; 1994 c 256 s 78; 1984 c 31 s 25.]

Notes

Findings—Construction—1994 c 256: See RCW 43.320.007.

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

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What does Revised Code of Washington § 31.12.235 cover?

Section 31.12.235 ("Directors — Qualifications — Operating officers and employees may serve.") 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.

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