Washington Code 33.48.080 – Member’s proprietary interest — Subordinate to claims of creditors
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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.
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
Terms Used In Washington Code 33.48.080
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.