82.12.860 - Exemptions -- Property and services acquired from a federal credit union. - Washington Statutes

Exemptions — Property and services acquired from a federal credit union.

(1) This chapter does not apply to state credit unions with respect to the use of any article of tangible personal property, digital good, digital code, digital automated service, service defined as a retail sale in RCW 82.04.050 (2) (a) or (g), (3)(a), or (6)(b), or extended warranty, acquired from a federal credit union, foreign credit union, or out-of-state credit union as a result of a merger or conversion.

     (2) For purposes of this section, the following definitions apply:

     (a) "Federal credit union" means a credit union organized and operating under the laws of the United States.

     (b) "Foreign credit union" means a credit union organized and operating under the laws of another country or other foreign jurisdiction.

     (c) "Out-of-state credit union" means a credit union organized and operating under the laws of another state or United States territory or possession.

     (d) "State credit union" means a credit union organized and operating under the laws of this state.

[2009 c 535 § 621; 2006 c 11 § 1.]

Notes: Intent -- Construction -- 2009 c 535: See notes following RCW 82.04.192.