§ 33.40.010 Voluntary liquidation, merger, etc., authorized — Procedure
§ 33.40.020 Director may take possession of domestic association on notice for delinquency
§ 33.40.030 Possession without notice
§ 33.40.040 Procedure on taking possession
§ 33.40.050 Involuntary liquidation — Procedure — Federal insurance corporation as liquidator
§ 33.40.060 Procedure to be as in receivership
§ 33.40.070 Liquidator’s powers
§ 33.40.075 Investment of liquidation funds — Use of income
§ 33.40.080 Disposition of records
§ 33.40.110 Voluntary liquidation — Disposition of unclaimed dividends and records
§ 33.40.120 Removal of liquidator — Appellate review
§ 33.40.130 Payment of deposits accepted during economic emergency, preference
§ 33.40.150 Appointment of provisional officers and directors
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Terms Used In Washington Code > Chapter 33.40 - Insolvency, liquidation, merger

  • Affirmed: In the practice of the appellate courts, the decree or order is declared valid and will stand as rendered in the lower court.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.
  • 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.
  • Escheat: Reversion of real or personal property to the state when 1) a person dies without leaving a will and has no heirs, or 2) when the property (such as a bank account) has been inactive for a certain period of time. Source: OCC
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • 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.
  • Oath: A promise to tell the truth.
  • 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
  • Personal property: All property that is not real property.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.