Statutes > Washington Statutes > Title 33 - Savings and loan associations > 33.48 - Stock associations. > 33.48.270 - Reduction of stock -- Disposition of surplus.

33.48.270 - Reduction of stock -- Disposition of surplus.

Reduction of stock — Disposition of surplus.

Any surplus resulting from reduction of stock shall not be available for dividends or other distribution to stockholders except upon liquidation.

[1982 c 3 § 109; 1973 c 130 § 17.]

Notes: Severability -- 1982 c 3: See note following RCW 33.04.002.

Severability -- 1973 c 130: See note following RCW 33.24.350.