§ 33.04.044. Temporary cease and desist order -- Issued, when -- Effective, when -- Duration
Whenever the director determines that the acts specified in RCW 33.04.042 or their continuation is likely to cause insolvency or substantial dissipation of assets or earnings of the association or to otherwise seriously prejudice the interests of its depositors, the director may also issue a temporary order requiring the association to cease and desist from the violation or practice. The order shall become effective upon service on the association and shall remain effective unless set aside, limited, or suspended by a court in proceedings under RCW 33.04.046 pending the completion of the administrative proceedings under the notice and until such time as the director shall dismiss the charges specified in the notice or until the effective date of a cease and desist order issued against the association under RCW 33.04.042.
[1994 c 92 § 420; 1982 c 3 § 8.]
Notes:
Severability -- 1982 c 3: See note following RCW 33.04.002.
Sections: Previous 33.04.005 33.04.011 33.04.020 33.04.022 33.04.025 33.04.030 33.04.042 33.04.044 33.04.046 33.04.048 33.04.052 33.04.054 33.04.060 33.04.090 33.04.110 Next
Last modified: April 7, 2009