Washington Code 33.44.080 – Depositor’s interest upon conversion
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Upon the conversion of any association into a savings bank or commercial bank, every person who was a depositor of the association at the time of the conversion shall become and be deemed to be a depositor of the bank in a sum equal to the value of the deposit of the depositor as of the day on which the conversion was consummated.
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
Terms Used In Washington Code 33.44.080
- person: may be construed to include the United States, this state, or any state or territory, or any public or private corporation or limited liability company, as well as an individual. See Washington Code 1.16.080