Washington § 31.12.637 - Intervention by director — Conditions.

Full text of Washington Revised Code of Washington § 31.12.637 — Intervention by director — Conditions., with citation guidance and answers to common questions.

§ 31.12.637. Intervention by director — Conditions.

The director may place a credit union under supervisory direction in accordance with RCW 31.12.641 through 31.12.647, appoint a conservator for a credit union in accordance with RCW 31.12.651 through 31.12.661, appoint a liquidating agent for a credit union in accordance with RCW 31.12.664 and 31.12.667, or appoint a receiver for a credit union in accordance with RCW 31.12.671 through 31.12.724, if the credit union:
(1) Consents to the action;
(2) Has failed to comply with the requirements of the director while the credit union is under supervisory direction;
(3) Has committed or is about to commit a material violation of law or an unsafe or unsound practice, and such violation or practice has caused or is likely to cause an unsafe or unsound condition at the credit union; or
(4) Is in an unsafe or unsound condition.
[ 1997 c 397 s 60.]

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

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Frequently Asked Questions About Washington § 31.12.637

What does Revised Code of Washington § 31.12.637 cover?

Section 31.12.637 ("Intervention by director — Conditions.") 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 § 31.12.637?

A common citation format is "Revised Code of Washington § 31.12.637" (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 § 31.12.637 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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