RCW 31.12.580
Contents of notice under RCW 31.12.575—Hearing—Order.
(1) A notice under RCW 31.12.575 must contain a statement of the facts that constitute grounds for removal or prohibition and must fix a time and place at which a hearing will be held. If the notice under RCW 31.12.575 is accompanied by a notice of suspension under RCW 31.12.372, the notice of suspension must reference the statement of facts in the notice under RCW 31.12.575 as the basis for its issuance.
(2) The hearing must be set not earlier than ten days after the date of service of the notice or later than thirty days after the date of service of the notice unless an earlier or later date is set by the director at the request of the credit union director, supervisory committee member, officer, or employee for good cause shown or of the attorney general of the state.
(3) Unless the credit union director, supervisory committee member, officer, or employee, after being served with the notice, appears at the hearing personally or by a duly authorized representative, the person is deemed to have consented to the issuance of an order of removal or prohibition or both. In the event of such consent or if upon the record made at the hearing the director finds that any of the grounds specified in the notice have been established, the director may issue such orders of removal from office or prohibition from participation in the conduct of the affairs of the credit union or any other depositary institution, trust company, bank holding company, thrift holding company, or financial holding company doing business in Washington state as the director may consider appropriate.
(4) An order becomes effective at the expiration of ten days after service upon the credit union and the credit union director, supervisory committee member, officer, or employee concerned, except that an order issued upon consent becomes effective at the time specified in the order.
(5) An order remains effective except to the extent it is stayed, modified, terminated, or set aside by the director or a reviewing court.
[ 2015 c 114 § 18.]
Structure Revised Code of Washington
Title 31 - Miscellaneous Loan Agencies
Chapter 31.12 - Washington State Credit Union Act.
31.12.003 - Findings—Intent—1997 c 397.
31.12.015 - Declaration of policy.
31.12.025 - Use of words in name.
31.12.035 - Application for permission to organize—Approval.
31.12.055 - Manner of organizing—Articles of incorporation—Submission to director.
31.12.065 - Bylaws—Submission to director.
31.12.075 - Approval, denial of proposed credit union—Appeal.
31.12.085 - Filing upon approval—Fee—Notice to director—Authority to commence business.
31.12.105 - Amendment to articles of incorporation—Approval of director—Procedure.
31.12.115 - Amendment to bylaws—Approval of director required—Procedure.
31.12.185 - Annual membership meetings.
31.12.195 - Special membership meetings.
31.12.225 - Board of directors—Election of directors—Terms—Vacancies—Meetings—Rules.
31.12.235 - Directors—Qualifications—Operating officers and employees may serve.
31.12.251 - Removal of directors—No quorum.
31.12.255 - Board of directors—Powers and duties.
31.12.267 - Officials—Fiduciary duty—Information relied on—Definition.
31.12.269 - Directors and committee members—Limitations on personal liability—Exceptions.
31.12.285 - Suspension of members of board or supervisory committee by board—For cause.
31.12.335 - Supervisory committee—Duties.
31.12.365 - Directors and supervisory committee members—Compensation—Reimbursement—Rules.
31.12.367 - Risk—Bond coverage—Notice to director—Timing.
31.12.372 - Director may suspend any person, reason—Notice—Injunctions.
31.12.382 - Limitation on membership.
31.12.386 - Voting rights—Methods—Proxy—Under eighteen years of age.
31.12.388 - Expulsion of member—Challenge—Share and deposit accounts.
31.12.404 - Additional powers—Authority of director.
31.12.413 - Low-income credit unions—Director's approval required—Powers—Rules.
31.12.426 - Loans—Secured or unsecured loans.
31.12.428 - Limit on loan amount.
31.12.436 - Investment of funds—When investment later becomes impermissible.
31.12.438 - Investment in real property or leasehold interests—Limitations—Rules.
31.12.467 - Merger or conversion of federal, out-of-state, or foreign to state credit union.
31.12.474 - Liquidation—Disposition of unclaimed funds.
31.12.516 - Powers of director.
31.12.518 - Powers of director under chapter 19.144 RCW.
31.12.545 - Examinations and investigations—Reports—Access to records—Oaths—Subpoenas.
31.12.565 - Examination reports and specified other information confidential—Exceptions—Penalty.
31.12.567 - Reports—Financial and statistical data—As required by director.
31.12.569 - Generally accepted accounting principles.
31.12.571 - Notice of intent to establish branch—Another state or foreign jurisdiction.
31.12.575 - Removal or prohibition orders—Director's authority—Notice.
31.12.580 - Contents of notice under RCW 31.12.575—Hearing—Order.
31.12.585 - Prohibited acts—Notice—Cease and desist order.
31.12.595 - Temporary cease and desist order—Notice—Principal place of business—Superior court.
31.12.625 - Administrative hearing—Procedures.
31.12.630 - Authority of director to call special meeting of board.
31.12.633 - Authority of director to attend meetings of the board.
31.12.637 - Intervention by director—Conditions.
31.12.641 - Supervision by director—Notice—Compliance—Costs.
31.12.644 - Supervision by director—Certain acts prohibited.
31.12.647 - Supervision by director—Credit union request for review.
31.12.651 - Conservator—Authorized actions—Costs.
31.12.654 - Actions by conservator—Review.
31.12.657 - Lawsuits during period of conservatorship.
31.12.661 - Conservator serves until purposes are accomplished.
31.12.667 - Order directing involuntary liquidation—Procedure.
31.12.671 - Receivership—Appointment of receiver by director—Notice—Act without bond.
31.12.677 - Powers and duties of receiver.
31.12.681 - Claims against credit union in receivership—Notice.
31.12.687 - Expenses incurred by receiver.
31.12.691 - Liquidation dividends—Approval of court.
31.12.694 - Remaining assets—Distribution.
31.12.697 - Unclaimed liquidation dividends.
31.12.701 - Personal property—Receiver's duties.
31.12.704 - Proceeds of sale—Deposit or payment by receiver.
31.12.707 - Completion of receivership—Merger, purchase, or liquidation—Secretary of state.
31.12.711 - Director may terminate receivership—Expenses.
31.12.714 - Receivership files.
31.12.721 - Appointment by court of temporary receiver—Notice to director.
31.12.724 - Actions that are void—Felonious conduct—Penalties.
31.12.728 - Applicability of general receivership law.
31.12.850 - Prohibited acts—Criminal penalties.
31.12.853 - Prohibited acts—Civil penalties—Rules.
31.12.860 - Taxation of credit unions.
31.12.890 - Satellite facilities.
31.12.891 - Automated teller machines and night depositories security.
31.12.906 - Effective date—1997 c 397.
31.12.909 - Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.