Washington Code 43.33A.070 – Liability of members
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No member of the state investment board is liable for the negligence, default, or failure of any other person or other member of the board to perform the duties of the member’s office and no member of the board shall be considered or held to be an insurer of the funds or assets of any of the trust and retirement funds nor is any nonvoting member liable for actions performed with the exercise of reasonable diligence within the scope of the member’s authorized activities as a member of the board.
[ 1981 c 3 § 7.]
NOTES:
Effective dates—Severability—1981 c 3: See notes following RCW 43.33A.010.
Terms Used In Washington Code 43.33A.070
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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