§ 32.16.095. Removal of trustees -- Lack of quorum -- Temporary trustees
If at any time because of the removal of one or more trustees under this chapter there shall be on the board of trustees of a mutual savings bank less than a quorum of trustees, all powers and functions vested in, or exercisable by the board shall vest in, and be exercisable by the trustee or trustees remaining, until such time as there is a quorum on the board of trustees. If all of the trustees of a mutual savings bank are removed under this chapter, the director shall appoint persons to serve temporarily as trustees until such time as their respective successors take office.
[1994 c 92 § 333; 1979 c 46 § 9.]
Notes:
Severability -- 1979 c 46: See note following RCW 32.04.250.
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Last modified: April 7, 2009