Washington § 41.24.040 - Fees, when payable — Interest — Effect of nonpayment.

Full text of Washington Revised Code of Washington § 41.24.040 — Fees, when payable — Interest — Effect of nonpayment., with citation guidance and answers to common questions.

§ 41.24.040. Fees, when payable — Interest — Effect of nonpayment.

On or before the first day of March of each year, every municipality shall pay such amount as shall be due from it to the principal fund, together with the amounts collected from the participants. A participant shall not forfeit his or her right to participate in the relief provisions of this chapter by reason of the municipal corporation failing to pay the amount due from it. A participant shall not forfeit his or her right to participate in the retirement pension provisions of this chapter until after March 1st of the year in which the municipality fails to make the required payments. Where a municipality has failed to pay or remit the annual fees required within the time provided, such delinquent payment shall bear interest at the rate of one percent per month from March 1st until paid or remitted. Where a participant has forfeited his or her right to participate in the retirement provisions of this chapter that participant may be reinstated so as to participate to the same extent as if all fees had been paid by the payment of all back fees with interest at the rate of one percent per month provided he or she has at all times been otherwise eligible.
[ 1999 c 148 s 5; 1995 c 11 s 5; 1989 c 91 s 10; 1945 c 261 s 4; Rem. Supp. 1945 s 9578-18. Prior: 1935 c 121 s 10; RRS s 9578-10.]

Notes

Effective date—1989 c 91: See note following RCW 41.24.010.

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

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Frequently Asked Questions About Washington § 41.24.040

What does Revised Code of Washington § 41.24.040 cover?

Section 41.24.040 ("Fees, when payable — Interest — Effect of nonpayment.") 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 § 41.24.040?

A common citation format is "Revised Code of Washington § 41.24.040" (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 § 41.24.040 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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