Washington § 31.12.575 - Removal or prohibition orders — Director's authority — Notice.

Full text of Washington Revised Code of Washington § 31.12.575 — Removal or prohibition orders — Director's authority — Notice., with citation guidance and answers to common questions.

§ 31.12.575. Removal or prohibition orders — Director's authority — Notice.

The director may issue and serve a credit union director, supervisory committee member, officer, or employee with written notice of intent to remove the person from office or employment or to prohibit the person from participating in the conduct of the affairs of the credit union or any other depositary institution, trust company, bank holding company, thrift holding company, or financial holding company doing business in Washington state in accordance with RCW 31.12.625 whenever, in the opinion of the director:
(1)(a) The person has committed a material violation of law or an unsafe or unsound practice; or
(b) The person has committed a violation or practice involving personal dishonesty, recklessness, or incompetence; and
(2)(a) The credit union has suffered or is likely to suffer substantial financial loss or other damage; or
(b) The interests of the credit union's share account holders and depositors could be seriously prejudiced by reason of the violation or practice.
[ 2015 c 114 s 17; 2010 c 87 s 8; 2001 c 83 s 32; 1997 c 397 s 52; 1994 c 92 s 210; 1984 c 31 s 59.]

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

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Frequently Asked Questions About Washington § 31.12.575

What does Revised Code of Washington § 31.12.575 cover?

Section 31.12.575 ("Removal or prohibition orders — Director's authority — Notice.") 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 § 31.12.575?

A common citation format is "Revised Code of Washington § 31.12.575" (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 § 31.12.575 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.