There Is a Newer Version of the Revised Code of Washington
  1. 2025 Rev. Code of Wash.
  2. 2024 Rev. Code of Wash.
  3. 2023 Rev. Code of Wash.
  4. 2005 Rev. Code of Wash. (here)
  5. View All Versions
View Our Newest Version Here

2005 Washington Revised Code RCW 30.12.044: Removal of delinquent officer or employee or prohibiting participation in bank or trust company affairs — Effect upon quorum — Procedure.

    If at any time because of the removal of one or more directors under this chapter there shall be on the board of directors of a bank or trust company less than a quorum of directors, all powers and functions vested in or exercisable by the board shall vest in and be exercisable by the director or directors remaining until such time as there is a quorum on the board of directors. If all of the directors of a bank or trust company are removed under this chapter, the director shall appoint persons to serve temporarily as directors until such time as their respective successors take office.

    [1994 c 92 § 66; 1977 ex.s. c 178 § 7.]

Notes:
         Severability -- 1977 ex.s. c 178: See note following RCW 30.04.450.

Disclaimer: These codes may not be the most recent version. Washington may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.