RCW 32.16.130
Conversion of savings and loan association to mutual savings bank—Director may serve as trustee.
In the event a savings and loan association is converted to a mutual savings bank, any person, who at the time of such conversion was a director of the savings and loan association, may serve as a trustee of the mutual savings bank until he or she reaches the age of seventy-five years or until one year following the date of conversion of such savings and loan association, whichever is later. The bylaws of any mutual savings bank may modify this provision by requiring earlier retirement of any trustee affected hereby.
[ 2011 c 336 § 754; 1971 ex.s. c 222 § 2.]
NOTES:
Severability—1971 ex.s. c 222: See note following RCW 32.04.085.
Structure Revised Code of Washington
Title 32 - Washington Savings Bank Act
Chapter 32.16 - Officers and Employees.
32.16.010 - Board of trustees—Number—Qualifications.
32.16.030 - Vacancies, when to be filled.
32.16.050 - Compensation of trustees.
32.16.060 - Change in number of trustees.
32.16.070 - Restrictions on trustees.
32.16.080 - Removal of trustees—Vacancies—Eligibility to reelection.
32.16.0901 - Written notice of charges under RCW 32.16.090.
32.16.095 - Removal of one or more trustees or directors—Lack of quorum—Temporary trustees.
32.16.097 - Penalty for violation of order issued under RCW 32.16.093.