§ 31.20.010 Creation under general corporation laws authorized
§ 31.20.020 Purposes specified
§ 31.20.030 Corporate powers
§ 31.20.040 Minimum capital stock
§ 31.20.050 Board of directors
§ 31.20.060 Members power to loan funds to corporation
§ 31.20.070 Members of corporation enumerated
§ 31.20.080 Members duty to loan funds to corporation — Maximum limits — Proration of calls
§ 31.20.090 Withdrawal from membership
§ 31.20.100 Surplus reserve required
§ 31.20.110 Funds to be deposited in designated depository
§ 31.20.120 Money deposits prohibited
§ 31.20.130 Publication of annual statement of assets and liabilities
§ 31.20.140 Participation in federal act authorized
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Terms Used In Washington Code > Chapter 31.20 - Development credit corporations

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • 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