2013 Revised Code of Washington
Title 33 - SAVINGS AND LOAN ASSOCIATIONS
33.16 Directors, officers, and employees.
33.16.060 Fiduciary relationship of directors and officers.
RCW 33.16.060 Fiduciary relationship of directors and officers.
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 § 32; 1945 c 235 § 20; Rem. Supp. 1945 § 3717-139. Prior: 1933 c 183 § 15; 1925 ex.s. c 144 § 3; 1919 c 169 § 3; 1913 c 110 § 4.]
Notes:
| Severability -- 1982 c 3: See note following RCW 33.04.002.
|
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.
