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.
Shares and deposits governed by chapter 30.22 RCW—Limitation on shares and deposits—Notice of withdrawal—Lien rights.
(1) Shares held and deposits made in a credit union by a natural person are governed by *chapter
30.22 RCW.
(2) A credit union may require ninety days notice of a member's intention to withdraw shares or deposits. The notice requirement may be extended with the written consent of the director.
(3) A credit union will have a lien on all shares and deposits, including, but not limited to, dividends, interest, and any other earnings and accumulations thereon, of any share account holder or depositor, to the extent of any obligation owed to the credit union by the share account holder or depositor.
NOTES:
*Reviser's note: Chapter
30.22 RCW was recodified as chapter
30A.22 RCW pursuant to 2014 c 37 § 4, effective January 5, 2015.
Findings—Construction—1994 c 256: See RCW
43.320.007.