Washington § 31.12.365 - Directors and supervisory committee members — Compensation — Reimbursement — Rules.

Full text of Washington Revised Code of Washington § 31.12.365 — Directors and supervisory committee members — Compensation — Reimbursement — Rules., with citation guidance and answers to common questions.

§ 31.12.365. Directors and supervisory committee members — Compensation — Reimbursement — Rules.

(1) A credit union may pay to its directors and supervisory committee members reasonable compensation for their service as directors and supervisory committee members. Irrespective of whether it pays compensation to its directors or supervisory committee members, a credit union may provide to its directors and supervisory committee members:
(a) Gifts of minimal value;
(b) Insurance coverage or incidental services, available to employees generally; and
(c) Reimbursement for reasonable expenses incurred on behalf of themselves and their spouses in the performance of the directors' and supervisory committee members' duties.
(2) The director may adopt rules to interpret this section.
[ 2015 c 123 s 2; 2013 c 34 s 6; 2001 c 83 s 12; 1997 c 397 s 25; 1984 c 31 s 38.]

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

Related Washington Legal Topics

Frequently Asked Questions About Washington § 31.12.365

What does Revised Code of Washington § 31.12.365 cover?

Section 31.12.365 ("Directors and supervisory committee members — Compensation — Reimbursement — Rules.") 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 § 31.12.365?

A common citation format is "Revised Code of Washington § 31.12.365" (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 § 31.12.365 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.