Washington Code 24.06.310 – Qualifications of receivers — Bond
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A receiver shall in all cases be a citizen of the United States or a corporation for profit authorized to act as receiver, which corporation may be a domestic corporation or a foreign corporation authorized to transact business in this state, and shall in all cases give such bond as the court may direct with such sureties as the court may require.
Terms Used In Washington Code 24.06.310
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- domestic corporation: means a mutual corporation or miscellaneous corporation subject to the provisions of this chapter, except a foreign corporation. See Washington Code 24.06.005
- Foreign corporation: means a mutual or miscellaneous corporation or other corporation organized under laws other than the laws of this state which would be subject to the provisions of this chapter if organized under the laws of this state. See Washington Code 24.06.005