§ 33.12.060. Dealings with directors, officers, agents, employees prohibited -- Exception
An association shall make no loan to or sell to or purchase any real property or securities from any director, officer, agent, or employee of an association except to the extent permitted to or from a director, officer, agent, or employee of a federal savings association.
[1994 c 256 § 121; 1994 c 92 § 437; 1985 c 239 § 1; 1982 c 3 § 25; 1979 c 113 § 3; 1953 c 71 § 2; 1947 c 257 § 3; 1945 c 235 § 35; Rem. Supp. 1947 § 3717-154. Prior: 1939 c 98 § 10; 1933 c 183 § § 51, 53.]
Notes:
Reviser's note: This section was amended by 1994 c 92 § 437 and by 1994 c 256 § 121, each without reference to the other. Both amendments are incorporated in the publication of this section pursuant to RCW 1.12.025(2). For rule of construction, see RCW 1.12.025(1).
Findings -- Construction -- 1994 c 256: See RCW 43.320.007.
Severability -- 1982 c 3: See note following RCW 33.04.002.
Severability -- 1979 c 113: See note following RCW 33.04.020.
Sections: Previous 33.12.010 33.12.012 33.12.014 33.12.015 33.12.060 33.12.140 33.12.150 33.12.170 33.12.180 Next
Last modified: April 7, 2009