Washington Code 31.12.657 – Lawsuits during period of conservatorship
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Any suit filed against a credit union or its conservator, during the period of conservatorship, must be brought in the superior court of Thurston county. A conservator for a credit union may file suit in any superior court or other court of competent jurisdiction against any person for the purpose of preserving, protecting, or recovering any asset or property of the credit union, including, but not limited to, any claims or causes of action belonging to or asserted by the credit union.
[ 1997 c 397 § 66.]
Terms Used In Washington Code 31.12.657
- Credit union: means a credit union organized and operating under this chapter. See Washington Code 31.12.005
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Person: means an organization or a natural person including, but not limited to, a sole proprietorship. See Washington Code 31.12.005