2005 Washington Revised Code RCW 31.12.267: Directors and officers — Fiduciary relationship.
Directors, board officers, and senior operating officers are deemed to stand in a fiduciary relationship to the credit union, and must discharge the duties of their respective positions:
(1) In good faith;
(2) With the care an ordinarily prudent person in a like position would exercise under similar circumstances; and
(3) In a manner the director or officer reasonably believes to be in the best interests of the credit union.
[2001 c 83 § 9; 1997 c 397 § 19.]
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