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15 chapters · 162 sections in this title.
RCW 33.40.010 Voluntary liquidation, merger, etc., authorized—Procedure.
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Any domestic association may determine to enter upon voluntary liquidation, to transfer its assets and liabilities to another association, to merge with another association, to segregate its assets into classes, to charge off its losses in excess of its reserves. Any such liquida…
RCW 33.40.020 Director may take possession of domestic association on notice for delinquency.
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Whenever it appears to the director that any domestic association is in an unsound condition or is conducting its business in an unsafe manner or is refusing to submit its books, papers, or concerns to lawful inspection, or that any director or officer thereof refuses to submit t…
RCW 33.40.030 Possession without notice.
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Whenever it shall appear to the director that any association is in an unsound or unsafe condition to continue business or is insolvent, the director may take possession thereof without notice. [ 1994 c 92 s 456; 1945 c 235 s 104; Rem. Supp. 1945 s 3717-223. Prior: 1933 c 183 ss …
RCW 33.40.040 Procedure on taking possession.
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Upon the director taking possession of any domestic association, the director shall proceed to liquidate the association unless, in the director's discretion, the director shall determine to call a meeting of the members to consider either a proportionate charge-off against the d…
