Wash. Rev. Code § 30A.12.240

Current through 2024

Section 30A.12.240 - Violations-Director liability

If the directors of any bank or holding company shall knowingly violate, or knowingly permit any of the officers, agents, or employees of the bank to violate any of the provisions of this title or any lawful regulation or directive of the director, and if the directors are aware that such facts and circumstances constitute such violations, then each director who participated in or assented to the violation is personally and individually liable for all damages which the state or any insurer of the deposits of the bank sustains due to the violation.

RCW 30A.12.240

Amended by 2014 c 37,§ 188, eff. 1/5/2015.

Recodified from 30.12.240 by 2014 c 37,§ 4, eff. 1/5/2015.

Amended by 2010 c 88, § 29, eff. 3/17/2010.

1994 c 92 § 73; 1989 c 180 § 7.

Effective date- 2010 c 88 : See RCW 32.50.900.