Wash. Rev. Code » Title 33 · Chapter 33.16
Revised Code of Washington

Wash. Rev. Code § 33.16.060 (2025)

Fiduciary relationship of directors and officers

✓ laws through the 2025 session: 2026 session laws are not yet included
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Directors and officers of an association shall be deemed to stand in a fiduciary relation to the association and shall discharge the duties of their respective positions in good faith and with that diligence, care, and skill which ordinary, prudent persons would exercise under similar circumstances in like position.
[ 1982 c 3 s 32; 1945 c 235 s 20; Rem. Supp. 1945 s 3717-139. Prior: 1933 c 183 s 15; 1925 ex.s. c 144 s 3; 1919 c 169 s 3; 1913 c 110 s 4.]

Notes:

Severability—1982 c 3: See note following RCW 33.04.002.
Notes of Decisions
Cited in 1 case, 1972–1972 · leading case: Williams v. Young, 494 P.2d 508 (Wash. Ct. App. 1972).
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Williams v. Young, 494 P.2d 508 (Wash. Ct. App. 1972). · cites it 2× “060 4 , and are totally inconsistent with a director’s fiduciary responsibility imposed by RCW 33.16.060 5 and by common law. Thus, the argument continues, these responses so thoroughly tainted the proceedings as to make it an illegal meeting as well as to render unconscionable…”
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