Washington Code 64.38.085 – Reserve account and study — Liability
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Monetary damages or any other liability may not be awarded against or imposed upon the association, the officers or board of directors of the association, or those persons who may have provided advice or assistance to the association or its officers or directors, for failure to: Establish a reserve account; have a current reserve study prepared or updated in accordance with the requirements of this chapter; or make the reserve disclosures in accordance with this chapter.
[ 2011 c 189 § 13.]
NOTES:
Effective date—2011 c 189: See note following RCW 64.38.065.
Terms Used In Washington Code 64.38.085
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.