Revised Code of Washington - RCW Title 33 Savings And Loan Associations - Section 33.48.080 Member's proprietary interest -- Subordinate to claims of creditors

§ 33.48.080. Member's proprietary interest -- Subordinate to claims of creditors

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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Last modified: April 7, 2009