Full text of Washington Revised Code of Washington § 87.03.442 — Bonds of secretary and depositaries., with citation guidance and answers to common questions.
§ 87.03.442. Bonds of secretary and depositaries.
The secretary or other authorized person shall issue receipts for all moneys received for deposit in such funds and he or she and any other person handling the funds shall furnish a surety bond to be approved by the board and the attorney for the district, in such amount as the board may designate and conditioned for the safekeeping of such funds and the premium thereon shall be paid by the district.
Upon depositing any district funds the secretary shall demand and the depositary bank shall furnish a surety bond, to be approved by the board and the attorney, in an amount equal to the maximum deposit, conditioned for the prompt payment of the deposits upon demand, and the bond shall not be canceled during the time for which it was written. Or the depositary may deposit with the secretary or in some bank to the credit of the district in lieu of the bond, securities approved by the board of a market value in an amount not less than the amount of the maximum deposit. All depositaries which have qualified for insured deposits under any federal deposit insurance act need not furnish bonds or securities, except for so much of the deposit as is not so insured.
[
2013 c 23 s 503;
1961 c 276 s 4. Prior: 1937 c 216 s 1, part; 1929 c 185 s 3, part; 1923 c 138 s 13, part; 1921 c 129 s 23, part; 1913 c 165 s 19, part; 1895 c 165 s 22, part; 1889-90 p 690 s 36, part; RRS s 7453, part. Formerly RCW
87.08.050.]
Notes
Conviction of public officer forfeits trust: RCW
9.92.120.
Income from sale of electricity: RCW
87.03.450.
Misconduct of public officers: Chapter
42.20 RCW.
Office to be declared vacant on conviction: RCW
36.18.180.
Power as to incurring indebtedness: RCW
87.03.475.
Public officers
—Forfeiture or impeachment, rights preserved: RCW
42.04.040.
Source: official Washington text · Last verified 2026-08-27
Frequently Asked Questions About Washington § 87.03.442
What does Revised Code of Washington § 87.03.442 cover?
Section 87.03.442 ("Bonds of secretary and depositaries.") 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 § 87.03.442?
A common citation format is "Revised Code of Washington § 87.03.442" (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 § 87.03.442 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.
