Revised Code of Washington - RCW Title 33 Savings And Loan Associations - Section 33.48.270 Reduction of stock -- Disposition of surplus

§ 33.48.270. Reduction of stock -- Disposition of surplus

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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Last modified: April 7, 2009