§ 31.24.150. Dissolution -- Method -- Distribution of assets
A business development company, upon the affirmative vote of two-thirds of the votes of the stockholders entitled to vote their shares, shall dissolve the business development company as provided by Title 23B RCW, to the extent that Title 23B RCW is not in conflict with this chapter. Upon dissolution of the business development company, none of the business development company's assets shall be distributed to the stockholders until all sums due the creditors thereof have been paid in full.
[2006 c 87 § 18; 1991 c 72 § 50; 1983 c 3 § 52; 1963 c 162 § 15.]
Sections: Previous 31.24.080 31.24.090 31.24.100 31.24.110 31.24.120 31.24.130 31.24.140 31.24.150 31.24.160 31.24.170 31.24.190 31.24.200 31.24.205 31.24.210 31.24.215 NextLast modified: April 7, 2009