Washington § 41.34.140 - Liability for loss or deficiencies — Limitations.

Full text of Washington Revised Code of Washington § 41.34.140 — Liability for loss or deficiencies — Limitations., with citation guidance and answers to common questions.

§ 41.34.140. Liability for loss or deficiencies — Limitations.

(1) A state board or commission, agency, or any officer, employee, or member thereof is not liable for any loss or deficiency resulting from member defined contribution investments selected, made, or required pursuant to RCW 41.34.060 (1), (2), or (4).
(2) Neither the department, nor director or any employee, nor the state investment board, nor any officer, employee, or member thereof is liable for any loss or deficiency resulting from a member investment in the default option pursuant to RCW 41.34.060(1) or reasonable efforts to implement investment directions pursuant to RCW 41.34.060 (1), (2), or (4).
(3) The state investment board, or any officer, employee, or member thereof is not liable with respect to any declared monthly unit valuations or crediting of rates of return, or any other exercise of powers or duties, including discretion, under RCW 41.34.060(3).
(4) The department, or any officer or employee thereof, is not liable for crediting rates of return which are consistent with the state investment board's declaration of unit valuations pursuant to RCW 41.34.060(3).
[ 2020 c 160 s 3; 2011 c 80 s 3; 2010 1st sp.s. c 7 s 35; 1999 c 265 s 2; 1998 c 341 s 308.]

Notes

Finding—Intent—2020 c 160: See note following RCW 41.34.060.
Effective date—2010 1st sp.s. c 26; 2010 1st sp.s. c 7: See note following RCW 43.03.027.
Effective date—1998 c 341: See note following RCW 41.34.060.

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Frequently Asked Questions About Washington § 41.34.140

What does Revised Code of Washington § 41.34.140 cover?

Section 41.34.140 ("Liability for loss or deficiencies — Limitations.") 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 § 41.34.140?

A common citation format is "Revised Code of Washington § 41.34.140" (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 § 41.34.140 apply to my situation?

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Sources & Verification

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