RCW 31.12.367
103 words·~1 min read·
/wa/title-31/chapter-31-12/31-12-367·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)Each credit union must be adequately insured against risk. In addition, each director, officer, committee member, and employee of a credit union must be adequately bonded.
(2)When a credit union receives notice that its fidelity bond coverage will be suspended or terminated, the credit union shall notify the director in writing not less than thirty-five days prior to the effective date of the suspension or termination.
[ 2015 c 114 s 7 ; 2001 c 83 s 13 ; 1997 c 397 s 26 ; 1994 c 92 s 191 ; 1984 c 31 s 32 . Formerly RCW 31.12.306 .]