Revised Code of Washington - RCW Title 33 Savings And Loan Associations - Section 33.48.260 Reduction of stock -- Conditions

§ 33.48.260. Reduction of stock -- Conditions

With the prior consent of the director, the stock of an association may be reduced by resolution of the board of directors approved by the vote or written consent of the holders of a majority in amount of the outstanding stock of the association to such amount as the director approves.

[1994 c 92 § 491; 1982 c 3 § 108; 1973 c 130 § 16.]

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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Last modified: April 7, 2009