Licensee's failure to pay vendor, consignor—Settlement, compromise—Creditors share—Priority of state's claim.

  1. Law
  2. Revised Code of Washington
  3. Animals and Livestock
  4. Public Livestock Markets.
  5. Licensee's failure to pay vendor, consignor—Settlement, compromise—Creditors share—Priority of state's claim.

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In any settlement or compromise by the director with a surety company as provided in RCW 16.65.290, where there are two or more consignor and/or vendor creditors that have filed claims, either fixed or contingent, against a licensee's bond, such creditors shall share pro rata in the proceeds of the bond to the extent of their actual damage: PROVIDED, That the claims of the state and the department which may accrue from the conduct of the licensee's public livestock market shall have priority over all other claims.

[ 1959 c 107 § 31.]


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