Wash. Rev. Code § 33.20.005
Deposits by individuals governed by chapter 30.22 RCW
Deposits made by individuals in an association are governed by *chapter 30.22 RCW.
Revised Code of Washington Chapter 33.20 — Members—Savings
Washington · statute · Wash. Rev. Code ch. 33.20 · 10 active provisions
Wash. Rev. Code § 33.20.010
Mutual association member's interest in assets—Meetings—Voting—Proxies
Each member having deposits in a mutual association shall have a proportionate proprietary interest in its assets or net earnings subordinate to the claims of its other creditors. At any meeting of the members of a mutual association, each member shall be entitled to at least one vote. A mutual association, by its byla…
Wash. Rev. Code § 33.20.040
Minors as members
Subject to *chapter 30.22 RCW, minors may become depositors or members of an association and all contracts entered into between a minor and an association, with respect to his or her membership or his or her deposits therein, shall be valid and enforceable, and a minor may not disaffirm, because of his or her minority,…
Wash. Rev. Code § 33.20.060
State, political subdivisions, fiduciaries as depositors
The state of Washington and the political subdivisions thereof, and trustees, administrators, executors, guardians, and other fiduciaries, either individual or corporate, in their fiduciary capacity, may be depositors in associations.
Wash. Rev. Code § 33.20.125
Record of member deposits—As in lieu of passbook, statement, or certificate of deposit
An association shall maintain a record of all deposits received from its members. The issuance of a passbook, statement, or certificate may be omitted for any account if a record thereof is maintained in lieu of a passbook, statement, or certificate of deposit, on which shall be entered deposits, withdrawals, and inter…
Wash. Rev. Code § 33.20.130
Dormant accounts
When any savings member shall have neither paid in nor withdrawn any funds from his or her savings account in the association for seven consecutive years, and his or her whereabouts is unknown to the association and he or she shall not respond to a letter from the association inquiring as to his or her whereabouts, sen…
Wash. Rev. Code § 33.20.150
Deposits with interest to be repaid on request—Postponement of withdrawals—Procedure
The deposits paid into an association, together with any interest credited thereon, shall be repaid to the depositors thereof respectively, or to their legal representatives, upon request.If, in the judgment of the board, circumstances warrant deferment of the payment of withdrawals from savings accounts to a later dat…
Wash. Rev. Code § 33.20.170
Withdrawals may be limited—Conditions
The director further is empowered, if in his or her judgment the circumstances warrant it, to issue in writing a declaration that an acute business depression, state of panic, or economic emergency exists, in which event the directors of any association, state or federal, within the state may limit withdrawals by resol…
Wash. Rev. Code § 33.20.180
Classification of depositors—Regulation of earnings according to class
An association may classify its depositors according to the character, amount, frequency or duration of their dealings with the association and may regulate the earnings in such manner that each depositor receives the same rate of interest as all others of the depositor's class.
Wash. Rev. Code § 33.20.190
Withdrawal by association draft or negotiable or transferable order or authorization—Interest eligibility
An association may, on instruction from a depositor, effect withdrawals from the depositor's account by the association's drafts payable to parties and on terms as so instructed. An association may allow a depositor to effect withdrawals or transfers from the depositor's account upon negotiable or transferable order or…