H‑1605.1   _____________________________________________

SUBSTITUTE HOUSE BILL 1537

           _____________________________________________

State of Washington      57th Legislature     2001 Regular Session

By House Committee on Financial Institutions & Insurance (originally sponsored by Representatives Roach, Hatfield, Benson, Miloscia and Keiser)

READ FIRST TIME 02/14/01. 

_1      AN ACT Relating to credit union directors and committee

_2  members; and adding a new section to chapter 31.12 RCW.

_3  BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

_4      NEW SECTION. Sec. 1.  A new section is added to chapter 31.12

_5  RCW to read as follows:

_6      (1) Directors and committee members at a credit union or

_7  federal credit union have no personal liability for harm caused by

_8  acts or omissions performed on behalf of the credit union if:  The

_9  director or committee member was acting within the scope of his or

10  her duties at the time of the act or omission; the harm was not

11  caused by an act in violation of RCW 31.12.267; the harm was not

12  caused by willful or criminal misconduct, gross negligence,

13  reckless misconduct, or a conscious, flagrant indifference to the

14  rights or safety of the individual harmed; and the harm was not

15  caused by the director or committee member's operation of a motor

16  vehicle, vessel, aircraft, or other vehicle for which the state

17  requires the operator or the owner of the vehicle, craft, or

                               p. 1                      SHB 1537

_1  vessel to either possess an operator's license or maintain

_2  insurance.

_3      (2) This section does not affect a director's or committee

_4  member's liability to the credit union or to a governmental entity

_5  for harm to the credit union or governmental entity caused by the

_6  director or committee member.

_7      (3) This section does not affect the vicarious liability of the

_8  credit union with respect to harm caused to any person, including

_9  harm caused by the negligence of a director or committee member.

10      (4) This section does not affect the liability of employees of

11  the credit union for acts or omissions done within the scope of

12  their employment.

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