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

WA Rev Code § 33.48.080 (2019) (N/A)
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RCW 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.