Washington § 33.12.060 - Dealings with directors, officers, agents, employees prohibited — Exception.

Full text of Washington Revised Code of Washington § 33.12.060 — Dealings with directors, officers, agents, employees prohibited — Exception., with citation guidance and answers to common questions.

§ 33.12.060. Dealings with directors, officers, agents, employees prohibited — Exception.

An association shall make no loan to or sell to or purchase any real property or securities from any director, officer, agent, or employee of an association except to the extent permitted to or from a director, officer, agent, or employee of a federal savings association.
[ 1994 c 256 s 121; 1994 c 92 s 437; 1985 c 239 s 1; 1982 c 3 s 25; 1979 c 113 s 3; 1953 c 71 s 2; 1947 c 257 s 3; 1945 c 235 s 35; Rem. Supp. 1947 s 3717-154. Prior: 1939 c 98 s 10; 1933 c 183 ss 51, 53.]

Notes

Reviser's note: This section was amended by 1994 c 92 s 437 and by 1994 c 256 s 121, each without reference to the other. Both amendments are incorporated in the publication of this section pursuant to RCW 1.12.025(2). For rule of construction, see RCW 1.12.025(1).
Findings—Construction—1994 c 256: See RCW 43.320.007.
Severability—1982 c 3: See note following RCW 33.04.002.
Severability—1979 c 113: See note following RCW 33.04.020.

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

Related Washington Legal Topics

Frequently Asked Questions About Washington § 33.12.060

What does Revised Code of Washington § 33.12.060 cover?

Section 33.12.060 ("Dealings with directors, officers, agents, employees prohibited — Exception.") 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 § 33.12.060?

A common citation format is "Revised Code of Washington § 33.12.060" (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 § 33.12.060 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

Not legal advice. Verify against the official source and consult a licensed attorney in Washington.