RCW 32.50.070
Duration of conservatorship.
The conservator shall serve for such time as is necessary to accomplish the purposes of the conservatorship as intended by this chapter. If rehabilitated, the rehabilitated savings bank shall be returned to management or new managements under such conditions as are reasonable and necessary to prevent recurrence of the condition which occasioned the conservatorship.
[ 2010 c 88 § 72.]
Structure Revised Code of Washington
Title 32 - Washington Savings Bank Act
Chapter 32.50 - Supervisory Direction by the Director of Financial Institutions.
32.50.010 - Determination of unsafe condition—Notice—List of director's requirements—Conservator.
32.50.020 - Director may appoint representative—Restrictions placed on savings bank.
32.50.040 - Costs of supervisory direction and conservatorship.
32.50.050 - Request for review of actions taken by representative or conservator.
32.50.060 - Suit filed after savings bank in conservatorship.
32.50.070 - Duration of conservatorship.
32.50.080 - Authority of director to act—Administrative discretion.