RCW 64.38.085Reserve account and study—Liability. (Effective until January 1, 2028.)Monetary damages or any other liability may not be awarded against or imposed upon the association, the officers or board of directors of the association, or those persons who may have provided advice or assistance to the association or its officers or directors, for failure to: Establish a reserve account; have a current reserve study prepared or updated in accordance with the requirements of this chapter; or make the reserve disclosures in accordance with this chapter.[ 2011 c 189 s 13.]NOTES:Effective date—2011 c 189: See note following RCW 64.38.065.
Washington Legal Code