Revised Code of Washington - RCW Title 33 Savings And Loan Associations - Section 33.24.200 Personal liability on unlawful loans

§ 33.24.200. Personal liability on unlawful loans

Every director, officer, agent, or employee of an association who shall borrow or who shall knowingly permit any person to borrow any of its funds in violation of the provisions of this title shall be personally liable for any loss or damage which the association may sustain in consequence thereof.

[1945 c 235 § 94; Rem. Supp. 1945 § 3717-213.]

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Last modified: April 7, 2009