Reduction of stock—Disposition of surplus.

  1. Law
  2. Revised Code of Washington
  3. Washington Savings Association Act
  4. Stock Associations.
  5. Reduction of stock—Disposition of surplus.

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Any surplus resulting from reduction of stock shall not be available for dividends or other distribution to stockholders except upon liquidation.

[ 1982 c 3 § 109; 1973 c 130 § 17.]

NOTES:

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

Severability—1973 c 130: See note following RCW 33.24.350.


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