Washington § 31.12.367 - Risk — Bond coverage — Notice to director — Timing.

Full text of Washington Revised Code of Washington § 31.12.367 — Risk — Bond coverage — Notice to director — Timing., with citation guidance and answers to common questions.

§ 31.12.367. Risk — Bond coverage — Notice to director — Timing.

(1) Each credit union must be adequately insured against risk. In addition, each director, officer, committee member, and employee of a credit union must be adequately bonded.
(2) When a credit union receives notice that its fidelity bond coverage will be suspended or terminated, the credit union shall notify the director in writing not less than thirty-five days prior to the effective date of the suspension or termination.
[ 2015 c 114 s 7; 2001 c 83 s 13; 1997 c 397 s 26; 1994 c 92 s 191; 1984 c 31 s 32. Formerly RCW 31.12.306.]

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

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Frequently Asked Questions About Washington § 31.12.367

What does Revised Code of Washington § 31.12.367 cover?

Section 31.12.367 ("Risk — Bond coverage — Notice to director — Timing.") 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 § 31.12.367?

A common citation format is "Revised Code of Washington § 31.12.367" (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 § 31.12.367 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.

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