Statutes > Washington Statutes > Title 32 - Mutual savings banks > 32.32 - Conversion of mutual savings bank to capital stock savings bank. > 32.32.090 - Liquidation account -- Establishment and maintenance required.

32.32.090 - Liquidation account -- Establishment and maintenance required.

Liquidation account — Establishment and maintenance required.

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 § 17.]