Member's proprietary interest—Subordinate to claims of creditors.

  1. Law
  2. Revised Code of Washington
  3. Washington Savings Association Act
  4. Stock Associations.
  5. Member's proprietary interest—Subordinate to claims of creditors.

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Each member in a stock association shall have a proportionate proprietary interest in its assets and net earnings subordinate to the claims of its creditors with priorities as established by this chapter.

[ 1982 c 3 § 94; 1969 c 107 § 8; 1967 c 49 § 6; 1955 c 122 § 9.]

NOTES:

Severability—1982 c 3: See note following RCW 33.04.002.


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