2005 Washington Revised Code RCW 31.12.644: Supervision by director — Certain acts prohibited.
During the period of supervisory direction, the director may prohibit the credit union from engaging in any of the following acts without prior approval:
(1) Disposing of, conveying, or encumbering any of its assets;
(2) Withdrawing any of its accounts at other financial institutions;
(3) Lending any of its funds;
(4) Investing any of its funds;
(5) Transferring any of its property; or
(6) Incurring any debt, obligation, or liability.
[1997 c 397 § 62.]
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