These documents are currently being revised to incorporate the changes made during the 2024 Legislative Session. Please consult the Sections Affected Table for changes made during the 2024 Legislative Session.

Chapter 30.12 RCW Dispositions

OFFICERS, EMPLOYEES, AND STOCKHOLDERS


Sections

30.12.010  Directors — Election — Meetings — Oath — Vacancies.
[2014 c 37 § 170; 1994 c 256 § 54; 1994 c 92 § 62; 1987 c 420 § 1; 1986 c 279 § 30; 1982 c 196 § 8; 1981 c 89 § 3; 1975 c 35 § 1; 1969 c 136 § 8; 1957 c 190 § 1; 1955 c 33 § 30.12.010. Prior: 1947 c 129 § 1; 1917 c 80 § 30; Rem. Supp. 1947 § 3237.]
Recodified as RCW 30A.12.010 pursuant to 2014 c 37 § 4, effective January 5, 2015.


30.12.020  Meetings, where held — Corporate records.
[2014 c 37 § 171; 1994 c 256 § 55; 1986 c 279 § 31; 1969 c 136 § 9; 1955 c 33 § 30.12.020. Prior: 1927 c 179 § 1; 1917 c 80 § 31; RRS § 3238.]
Recodified as RCW 30A.12.020 pursuant to 2014 c 37 § 4, effective January 5, 2015.


30.12.025  Rights of shareholder to examine and make extracts of records — Penalty — Financial statements.
[2014 c 37 § 172; 1986 c 279 § 32.]
Recodified as RCW 30A.12.025 pursuant to 2014 c 37 § 4, effective January 5, 2015.


30.12.030  Fidelity bonds — Casualty insurance.
[2014 c 37 § 173; 1994 c 92 § 63; 1986 c 279 § 33; 1955 c 33 § 30.12.030. Prior: 1947 c 132 § 1; 1927 c 224 § 1; 1917 c 80 § 32; Rem. Supp. 1947 § 3239.]
Recodified as RCW 30A.12.030 pursuant to 2014 c 37 § 4, effective January 5, 2015.


30.12.040  Removal of a board director, officer, or employee — Prohibiting participation in bank, trust company, or holding company affairs — Grounds — Notice.
[2014 c 37 § 174; 2010 c 88 § 20; 1994 c 92 § 64; 1977 ex.s. c 178 § 5; 1955 c 33 § 30.12.040. Prior: 1933 c 42 § 1; 1917 c 80 § 10; RRS § 3217.]
Recodified as RCW 30A.12.040 pursuant to 2014 c 37 § 4, effective January 5, 2015.


30.12.0401  Written notice of charges under RCW 30.12.042.
[2014 c 37 § 175; 2010 c 88 § 21.]
Recodified as RCW 30A.12.0401 pursuant to 2014 c 37 § 4, effective January 5, 2015.


30.12.042  Removal of a director, officer, or employee or prohibiting participation in bank, trust company, or holding company affairs — Notice contents — Hearing — Order of removal or prohibition.
[2014 c 37 § 176; 2010 c 88 § 22; 1994 c 92 § 65; 1977 ex.s. c 178 § 6.]
Recodified as RCW 30A.12.042 pursuant to 2014 c 37 § 4, effective January 5, 2015.


30.12.044  Removal of one or more directors of a bank, trust company, or holding company — Effect upon quorum — Procedure.
[2014 c 37 § 177; 2010 c 88 § 23; 1994 c 92 § 66; 1977 ex.s. c 178 § 7.]
Recodified as RCW 30A.12.044 pursuant to 2014 c 37 § 4, effective January 5, 2015.


30.12.045  Removal of delinquent officer or employee or prohibiting participation in bank or trust company affairs — Administrative hearing — Judicial review.

Recodified as RCW 30A.12.045 pursuant to 2014 c 37 § 4, effective January 5, 2015.


30.12.046  Removal of delinquent officer or employee or prohibiting participation in bank or trust company affairs — Jurisdiction of courts in enforcement or issuance of orders, injunctions or judicial review.

Recodified as RCW 30A.12.046 pursuant to 2014 c 37 § 4, effective January 5, 2015.


30.12.047  Removal of a director, officer, or employee of a bank, trust company, or holding company — Violation of final order — Penalty.
[2014 c 37 § 178; 2010 c 88 § 24; 1994 c 92 § 67; 1977 ex.s. c 178 § 10.]
Recodified as RCW 30A.12.047 pursuant to 2014 c 37 § 4, effective January 5, 2015.


30.12.050  Purchase of assets by officer, etc.
[1994 c 92 § 68; 1986 c 279 § 34; 1955 c 33 § 30.12.050. Prior: 1933 c 42 § 23; RRS § 3260-1.]
Repealed by 1994 c 256 § 124; and repealed by 1997 c 101 § 7.


30.12.060  Loans to officers or employees.
[2014 c 37 § 179; 1994 c 92 § 69; 1985 c 305 § 6; 1969 c 136 § 5; 1959 c 165 § 1; 1955 c 33 § 30.12.060. Prior: 1947 c 147 § 1, part; 1933 c 42 § 22, part; 1917 c 80 § 52, part; Rem. Supp. 1947 § 3259, part.]
Recodified as RCW 30A.12.060 pursuant to 2014 c 37 § 4, effective January 5, 2015.


30.12.070  Unsafe loans and discounts to directors or officers.
[2014 c 37 § 180; 2010 c 88 § 25; 1994 c 92 § 70; 1955 c 33 § 30.12.070. Prior: 1947 c 147 § 1, part; 1933 c 42 § 22, part; 1917 c 80 § 52, part; Rem. Supp. 1947 § 3259, part.]
Recodified as RCW 30A.12.070 pursuant to 2014 c 37 § 4, effective January 5, 2015.


30.12.080  Restrictions on officers and employees.
[1979 c 106 § 3; 1965 c 140 § 5; 1959 c 106 § 3; 1955 c 33 § 30.12.080. Prior: 1947 c 147 § 1, part; 1933 c 42 § 22, part; 1917 c 80 § 52, part; Rem. Supp. 1947 § 3259, part.]
Repealed by 1986 c 279 § 51.


30.12.090  False entries, statements, etc. — Penalty.
[2014 c 37 § 181; 2010 c 88 § 26; 2003 c 53 § 186; 1955 c 33 § 30.12.090. Prior: 1917 c 80 § 56; RRS § 3263.]
Recodified as RCW 30A.12.090 pursuant to 2014 c 37 § 4, effective January 5, 2015.


30.12.100  Destroying or secreting records — Penalty.
[2014 c 37 § 182; 2010 c 88 § 27; 2003 c 53 § 187; 1994 c 92 § 71; 1955 c 33 § 30.12.100. Prior: 1917 c 80 § 56; RRS § 3264.]
Recodified as RCW 30A.12.100 pursuant to 2014 c 37 § 4, effective January 5, 2015.


30.12.110  Commission, etc., for procuring loan — Penalty.
[2014 c 37 § 183; 1986 c 279 § 35; 1955 c 33 § 30.12.110. Prior: 1919 c 209 § 20; RRS § 3290.]
Recodified as RCW 30A.12.110 pursuant to 2014 c 37 § 4, effective January 5, 2015.


30.12.115  Transactions in which director or officer has an interest.
[1986 c 279 § 36.]
Recodified as RCW 30A.12.115 pursuant to 2014 c 37 § 4, effective January 5, 2015.


30.12.120  Loans to officers or employees from trust funds — Penalty.
[2003 c 53 § 188; 1955 c 33 § 30.12.120. Prior: 1917 c 80 § 53; RRS § 3260.]
Recodified as RCW 30A.12.120 pursuant to 2014 c 37 § 4, effective January 5, 2015.


30.12.130  Trust company as legal representative — Oath by officer.
[1955 c 33 § 30.12.130. Prior: 1917 c 80 § 50; RRS § 3257.]
Recodified as RCW 30A.12.130 pursuant to 2014 c 37 § 4, effective January 5, 2015.


30.12.140  Superadded liability of stockholders.
[1955 c 33 § 30.12.140. Prior: 1941 c 16 § 1, part; 1917 c 80 § 35, part; Rem. Supp. 1941 § 3242, part.]
Repealed by 1986 c 279 § 51.


30.12.150  Liability when obligations federally insured.
[1955 c 33 § 30.12.150. Prior: 1941 c 16 § 1, part; 1917 c 80 § 35, part; Rem. Supp. 1941 § 3242, part.]
Repealed by 1986 c 279 § 51.


30.12.160  Termination of superadded liability.
[1955 c 33 § 30.12.160. Prior: 1941 c 16 § 1, part; 1917 c 80 § 35, part; Rem. Supp. 1941 § 3242, part.]
Repealed by 1986 c 279 § 51.


30.12.170  Repayment of superadded liability.
[1955 c 33 § 30.12.170. Prior: 1935 c 43 § 1; RRS § 3242-1.]
Repealed by 1986 c 279 § 51.


30.12.180  Levy of assessments.
[2014 c 37 § 184; 1994 c 92 § 72; 1955 c 33 § 30.12.180. Prior: 1923 c 115 § 8; 1917 c 80 § 34; RRS § 3241.]
Recodified as RCW 30A.12.180 pursuant to 2014 c 37 § 4, effective January 5, 2015.


30.12.190  General penalty — Effect of conviction.
[2014 c 37 § 185; 2010 c 88 § 28; 1989 c 220 § 2; 1983 c 3 § 47; 1955 c 33 § 30.12.190. Prior: 1919 c 209 § 18; 1917 c 80 § 80; RRS § 3287.]
Recodified as RCW 30A.12.190 pursuant to 2014 c 37 § 4, effective January 5, 2015.


30.12.200  Group-plan life insurance for officers and employees.
[1955 c 296 § 1; 1955 c 33 § 30.12.200. Prior: 1925 ex.s. c 44 § 1; RRS § 7242-6.]
Repealed by 1986 c 279 § 51.


30.12.205  Stock purchase options — Incentive bonus contracts, stock purchase or bonus plans, and profit sharing plans.
[2014 c 37 § 186; 1986 c 279 § 37.]
Recodified as RCW 30A.12.205 pursuant to 2014 c 37 § 4, effective January 5, 2015.


30.12.210  Stock option, stock purchase, stock bonus, or similar plans.
[1979 c 106 § 4; 1965 c 140 § 4.]
Repealed by 1986 c 279 § 51.


30.12.220  Preemptive rights of shareholders to acquire unissued shares — Articles of incorporation may limit or permit — Later acquisition.
[2014 c 37 § 187; 1979 c 106 § 8.]
Recodified as RCW 30A.12.220 pursuant to 2014 c 37 § 4, effective January 5, 2015.


30.12.230  Immunity of shareholders of bank insured by the federal deposit insurance corporation.
[1986 c 279 § 50.]
Recodified as RCW 30A.12.230 pursuant to 2014 c 37 § 4, effective January 5, 2015.


30.12.240  Violations — Director liability.
[2014 c 37 § 188; 2010 c 88 § 29; 1994 c 92 § 73; 1989 c 180 § 7.]
Recodified as RCW 30A.12.240 pursuant to 2014 c 37 § 4, effective January 5, 2015.


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