# RCW 32.16.090: RCW 32.16.090: Removal of a board director, officer, or employee—Prohibition from participation in conduct of affairs—Grounds—Notice

> Washington · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WA_T32_C16_S090

## Section

- **Citation:** RCW 32.16.090
- **Heading:** RCW 32.16.090: Removal of a board director, officer, or employee—Prohibition from participation in conduct of affairs—Grounds—Notice
- **Jurisdiction:** Washington
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Washington Code / Title 32 / Chapter 16 / Section 090

## Text

The director may issue and serve a board director, officer, or employee of a savings bank with written notice of intent to remove the person from office or employment or to prohibit the person from participating in the conduct of the affairs of the savings bank or any other depository institution, trust company, bank holding company, thrift holding company, or financial holding company doing business in this state whenever, in the opinion of the director: (1)(a) Reasonable cause exists to believe the person has committed a material violation of law, an unsafe and unsound practice, or a violation or practice involving a breach of fiduciary duty, personal dishonesty, recklessness, or incompetence; and (b) The bank, trust company, or holding company has suffered or is likely to suffer substantial financial loss or other damage; or (c) The interests of depositors or trust beneficiaries could be seriously prejudiced by reason of the violation or practice. (2) The director may issue and serve a board director, officer, or employee of a holding company of a savings bank with written notice of intent to remove the person from office or employment or to prohibit the person from participating in the conduct of the affairs of the holding company, its subsidiary bank, or any other depository institution, trust company, bank holding company, thrift holding company, or financial holding company doing business in this state whenever, in the opinion of the director: (a) Reasonable cause exists to believe the person has committed a material violation of law, an unsafe and unsound practice, or a violation or practice involving a breach of fiduciary duty, personal dishonesty, recklessness, or incompetence; and (b) The subsidiary savings bank has suffered or is likely to suffer substantial financial loss or other damage; or (c) The interests of depositors or trust beneficiaries of the subsidiary savings bank could be seriously prejudiced by reason of the violation or practice.

## Nearby sections

- [RCW 32.16.010 RCW 32.16.010: Board of trustees—Number—Qualifications.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T32_C16_S010.md)
- [RCW 32.16.012 RCW 32.16.012: Age requirements.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T32_C16_S012.md)
- [RCW 32.16.020 RCW 32.16.020: Oath of trustees—Declaration of incumbency—Not applicable to directors of stock savings banks.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T32_C16_S020.md)
- [RCW 32.16.030 RCW 32.16.030: Vacancies, when to be filled.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T32_C16_S030.md)
- [RCW 32.16.040 RCW 32.16.040: Quorum—Meetings.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T32_C16_S040.md)
- [RCW 32.16.050 RCW 32.16.050: Compensation of trustees.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T32_C16_S050.md)
- [RCW 32.16.060 RCW 32.16.060: Change in number of trustees.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T32_C16_S060.md)
- [RCW 32.16.070 RCW 32.16.070: Restrictions on trustees.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T32_C16_S070.md)
- [RCW 32.16.080 RCW 32.16.080: Removal of trustees—Vacancies—Eligibility to reelection.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T32_C16_S080.md)
- [RCW 32.16.090 RCW 32.16.090: Removal of a board director, officer, or employee—Prohibition from participation in conduct of affairs—Grounds—Notice.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T32_C16_S090.md)
- [RCW 32.16.093 RCW 32.16.093: Notice of intention to remove or prohibit participation in conduct of affairs—Hearing—Order of removal and/or prohibition.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T32_C16_S093.md)
- [RCW 32.16.095 RCW 32.16.095: Removal of one or more trustees or directors—Lack of quorum—Temporary trustees.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T32_C16_S095.md)
- [RCW 32.16.097 RCW 32.16.097: Penalty for violation of order issued under RCW 32.16.093.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T32_C16_S097.md)
- [RCW 32.16.100 RCW 32.16.100: Examination by trustees' committee—Report.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T32_C16_S100.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WA_T32_C16_S090. Check the current official text before relying on it. Not legal advice.