Washington § 32.24.060 - Possession by director — Bank may contest.

Full text of Washington Revised Code of Washington § 32.24.060 — Possession by director — Bank may contest., with citation guidance and answers to common questions.

§ 32.24.060. Possession by director — Bank may contest.

Within ten days after the director takes possession thereof, a mutual savings bank may serve notice upon such director to appear before the superior court in the county wherein such corporation is located, at a time to be fixed by the court, which shall not be less than five nor more than fifteen days from the date of the service of such notice, to show cause why the director's action taking possession of the savings bank should not be affirmed. Upon the return day of such notice, or such further day as the matter may be continued to, the court shall summarily hear the cause and shall dismiss the same, if it finds that possession was taken by the director in good faith and for cause, but if it finds that no cause existed for taking possession of the savings bank, it shall require the director to restore the savings bank to the possession of its assets and enjoin the director from further interference therewith without cause.
[ 2010 c 88 s 60; 1994 c 92 s 344; 1955 c 13 s 32.24.060. Prior: 1931 c 132 s 8; RRS s 3375d.]

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 § 32.24.060

What does Revised Code of Washington § 32.24.060 cover?

Section 32.24.060 ("Possession by director — Bank may contest.") 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 § 32.24.060?

A common citation format is "Revised Code of Washington § 32.24.060" (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 § 32.24.060 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

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