Wash. Rev. Code § 33.40.120

Current through Chapter 376 of the 2024 Regular Session

Section 33.40.120 - Removal of liquidator-Appellate review

The court, upon notice and hearing, may remove the liquidator for cause. Appellate review of the order of removal may be sought as in other civil cases.

During the pendency of any appeal, the director of financial institutions shall act as liquidator of the association, without giving any additional bond for the performance of the duties as such liquidator.

If such order of removal shall be affirmed, the director of financial institutions shall name another liquidator for the association, which nominee, upon qualifying as required for receivers generally, shall succeed to the position of liquidator of the association.

RCW 33.40.120

1994 c 92 § 463; 1988 c 202 § 34; 1982 c 3 § 72; 1971 c 81 § 86; 1945 c 235 § 113; Rem. Supp. 1945 § 3717-232.

Rules of court: Appeal procedures superseded by RAP 2.1, 2.2, 18.22.

Severability-1988 c 202: See note following RCW 2.24.050.

Severability-1982 c 3: See note following RCW 33.04.002.