Washington § 31.45.150 - Licensee's failure to perform obligations — Director's duty.

Full text of Washington Revised Code of Washington § 31.45.150 — Licensee's failure to perform obligations — Director's duty., with citation guidance and answers to common questions.

§ 31.45.150. Licensee's failure to perform obligations — Director's duty.

Whenever as a result of an examination or report it appears to the director that:
(1) The capital of any licensee is impaired;
(2) Any licensee is conducting its business in such an unsafe or unsound manner as to render its further operations hazardous to the public;
(3) Any licensee has suspended payment of its trust obligations;
(4) Any licensee has refused to submit its books, papers, and affairs to the inspection of the director or the director's examiner;
(5) Any officer of any licensee refuses to be examined under oath regarding the business of the licensee;
(6) Any licensee neglects or refuses to comply with any order of the director made pursuant to this chapter unless the enforcement of such order is restrained in a proceeding brought by such licensee;
the director may immediately take possession of the property and business of the licensee and retain possession until the licensee resumes business or its affairs are finally liquidated as provided in RCW 31.45.160. The licensee may resume business upon such terms as the director may prescribe.
[ 1994 c 92 s 287; 1991 c 355 s 15.]

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

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Frequently Asked Questions About Washington § 31.45.150

What does Revised Code of Washington § 31.45.150 cover?

Section 31.45.150 ("Licensee's failure to perform obligations — Director's duty.") 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 § 31.45.150?

A common citation format is "Revised Code of Washington § 31.45.150" (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 § 31.45.150 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.