§ 31.12.416. Shares and deposits governed by chapter 30.22 RCW -- Limitation on shares and deposits -- Notice of withdrawal -- Lien rights
(1) Shares held and deposits made in a credit union by a natural person are governed by chapter 30.22 RCW.
(2) A credit union may require ninety days notice of a member's intention to withdraw shares or deposits. The notice requirement may be extended with the written consent of the director.
(3) A credit union will have a lien on all shares and deposits, including, but not limited to, dividends, interest, and any other earnings and accumulations thereon, of any share account holder or depositor, to the extent of any obligation owed to the credit union by the share account holder or depositor.
[1997 c 397 § 32. Prior: 1994 c 256 § 83; 1994 c 92 § 194; 1984 c 31 § 40. Formerly RCW 31.12.385.]
Notes:
Findings -- Construction -- 1994 c 256: See RCW 43.320.007.
Sections: Previous 31.12.384 31.12.386 31.12.388 31.12.402 31.12.404 31.12.408 31.12.413 31.12.416 31.12.418 31.12.426 31.12.428 31.12.436 31.12.438 31.12.461 31.12.464 Next
Last modified: April 7, 2009