RCW 33.16.060
105 words·~1 min read·
/wa/title-33/chapter-33-16/33-16-060·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Directors and officers of an association shall be deemed to stand in a fiduciary relation to the association and shall discharge the duties of their respective positions in good faith and with that diligence, care, and skill which ordinary, prudent persons would exercise under similar circumstances in like position.
[ 1982 c 3 s 32 ; 1945 c 235 s 20 ; Rem. Supp. 1945 s 3717-139. Prior: 1933 c 183 s 15 ; 1925 ex.s. c 144 s 3 ; 1919 c 169 s 3 ; 1913 c 110 s 4 .]
Notes:
Severability — 1982 c 3: See note following RCW 33.04.002 .