Washington Code 31.12.687 – Expenses incurred by receiver
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All expenses incurred by the receiver in relation to the receivership of a credit union, including, but not limited to, reasonable attorneys’ fees, become a first charge upon the assets of the credit union. The charges shall be fixed and determined by the receiver, subject to the approval of the court.
[ 1997 c 397 § 75.]
Terms Used In Washington Code 31.12.687
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Credit union: means a credit union organized and operating under this chapter. See Washington Code 31.12.005