Liquidation account—Establishment and maintenance required.

RCW 32.32.090 — under Chapter 32.32 Conversion of mutual savings bank to capital stock savings bank..

RCW 32.32.090

A converting savings bank shall establish and maintain a liquidation account for the benefit of eligible account holders and supplemental eligible account holders in the event of a subsequent complete liquidation of the converted savings bank, in accordance with RCW 32.32.185 through 32.32.205.[ 1981 c 85 s 17.]