Washington § 32.16.140 - Violations — Trustees' or directors' liability.

Full text of Washington Revised Code of Washington § 32.16.140 — Violations — Trustees' or directors' liability., with citation guidance and answers to common questions.

§ 32.16.140. Violations — Trustees' or directors' liability.

If the trustees or directors of any savings bank or holding company shall knowingly violate, or knowingly permit any of the officers, agents, or employees of the savings bank or holding company to violate any of the provisions of this title or any lawful regulation or directive of the director, and if the trustees or directors are aware that such facts and circumstances constitute such violations, then each trustee or director who participated in or assented to the violation is personally and individually liable for all damages which the state or any insurer of the deposits of the savings bank sustains due to the violation.
[ 2010 c 88 s 56; 1994 c 92 s 335; 1989 c 180 s 9.]

Notes

Effective date—2010 c 88: See RCW 32.50.900.

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

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Frequently Asked Questions About Washington § 32.16.140

What does Revised Code of Washington § 32.16.140 cover?

Section 32.16.140 ("Violations — Trustees' or directors' liability.") 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 § 32.16.140?

A common citation format is "Revised Code of Washington § 32.16.140" (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 § 32.16.140 apply to my situation?

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Sources & Verification

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