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33.48.270 Reduction of stock—Disposition of surplus.

WA Rev Code § 33.48.270 (2019) (N/A)
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RCW 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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33.48.260 Reduction of stock—Conditions.
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33.48.280 Paid-in or contributed surplus or surplus created by reduction of stock—Application and uses.