{"data":{"id":"us-wa/rcw-33.16.020","jurisdiction":"us-wa","citation":"RCW 33.16.020","heading":"Directors—Qualifications—Eligibility.","body":"The board of directors shall be elected at the annual meeting, unless the bylaws of the association otherwise provide.\nA person shall not be a director of an association if the person has been adjudicated bankrupt or has taken the benefit of any assignment for the benefit of creditors or has suffered a judgment recovered against him or her for a sum of money to remain unsatisfied of record or unsuperseded on appeal for a period of more than three months.\nTo be eligible to hold the position of director of an association, a person must have savings or stock or a combination thereof in the sum or the aggregate sum of at least one thousand dollars. Such minimum amount shall not be reduced either by withdrawal or by pledge for a loan or in any other manner, so long as he or she remains a director of the association.","path":["Title 33","Chapter 33.16"],"source_url":"https://app.leg.wa.gov/rcw/default.aspx?cite=33.16.020","current_through":"July 15, 2026","vintage":"","retrieved_at":"2026-09-06T02:05:50Z","sha256":"c7c19ded267c850e96af3b38fcca79385717552b5acd42a3a01e87aff7a00c85","source_id":"us-wa","stale":false,"prev":"us-wa/rcw-33.16.010","next":"us-wa/rcw-33.16.030"},"notice":"GroundRules: Original legal text. Not legal advice."}