Washington Code 33.24.200 – Personal liability on unlawful loans
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Every director, officer, agent, or employee of an association who shall borrow or who shall knowingly permit any person to borrow any of its funds in violation of the provisions of this title shall be personally liable for any loss or damage which the association may sustain in consequence thereof.
[ 1945 c 235 § 94; Rem. Supp. 1945 § 3717-213.]
Terms Used In Washington Code 33.24.200
- person: may be construed to include the United States, this state, or any state or territory, or any public or private corporation or limited liability company, as well as an individual. See Washington Code 1.16.080