RCW 64.90.535: Reserve accounts.

RCWs > Title 64 > Chapter 64.90 > Section 64.90.535

These documents are currently being revised to incorporate the changes made during the 2024 Legislative Session. Please consult the Sections Affected Table for changes made during the 2024 Legislative Session.

64.90.530 << 64.90.535 >> 64.90.540

PDFRCW 64.90.535

Reserve accounts.

An association required to obtain a reserve study pursuant to RCW 64.90.545 must establish one or more accounts for the deposit of funds, if any, for the replacement costs of reserve components. Any reserve account must be an income-earning account maintained under the direct control of the board, and the board is responsible for administering the reserve account.

[ 2018 c 277 § 328.]