§ 32.16.093. Notice of intention to remove or prohibit participation in conduct of affairs -- Hearing -- Order of removal and/or prohibition
A notice of an intention to remove a trustee, officer, or employee from office or to prohibit his or her participation in the conduct of the affairs of a mutual savings bank shall contain a statement of the facts which constitute grounds therefor and shall fix a time and place at which a hearing will be held. The hearing shall be set not earlier than ten days nor later than thirty days after the date of service of the notice unless an earlier or later date is set by the director at the request of the trustee, officer, or employee for good cause shown or at the request of the attorney general of the state.
Unless the trustee, officer, or employee appears at the hearing personally or by a duly authorized representative, the person shall be deemed to have consented to the issuance of an order of removal or prohibition or both. In the event of such consent or if upon the record made at the hearing the director finds that any of the grounds specified in the notice have been established, the director may issue such orders of removal from office or prohibition from participation in the conduct of the affairs of the mutual savings bank as the director may consider appropriate.
Any order under this section shall become effective at the expiration of ten days after service upon the mutual savings bank and the trustee, officer, or employee concerned except that an order issued upon consent shall become effective at the time specified in the order.
An order shall remain effective except to the extent it is stayed, modified, terminated, or set aside by the director or a reviewing court.
[1994 c 92 § 332; 1979 c 46 § 8.]
Notes:
Severability -- 1979 c 46: See note following RCW 32.04.250.
Administrative hearings, procedure, orders, and judicial review: RCW 32.04.290.
Jurisdiction of courts as to orders to remove trustee, officer, or employee: RCW 32.04.300.
Violations or unsafe practices, procedure, etc.: RCW 32.04.250 through 32.04.300. Sections: Previous 32.16.030 32.16.040 32.16.050 32.16.060 32.16.070 32.16.080 32.16.090 32.16.093 32.16.095 32.16.097 32.16.100 32.16.110 32.16.120 32.16.130 32.16.140 Next
Last modified: April 7, 2009