§ 30.12.120. Loans to officers or employees from trust funds -- Penalty
No corporation doing a trust business shall make any loan to any officer, or employee from its trust funds, nor shall it permit any officer, or employee to become indebted to it in any way out of its trust funds. Every officer, director, or employee of any such corporation, who knowingly violates this section, or who aids or abets any other person in any such violation, is guilty of a class B felony punishable according to chapter 9A.20 RCW.
[2003 c 53 § 188; 1955 c 33 § 30.12.120. Prior: 1917 c 80 § 53; RRS § 3260.]
Notes:
Intent -- Effective date -- 2003 c 53: See notes following RCW 2.48.180.
Sections: Previous 30.12.047 30.12.060 30.12.070 30.12.090 30.12.100 30.12.110 30.12.115 30.12.120 30.12.130 30.12.180 30.12.190 30.12.205 30.12.220 30.12.230 30.12.240 Next
Last modified: April 7, 2009