RCW 30A.36.050
Not subject to assessments—Liability of holders.
Such capital notes or debentures shall in no case be subject to any assessment. The holders of such capital notes or debentures shall not be held individually responsible, as such holders, for any debts, contracts or engagements of such institution, and as such holders, shall not be held liable for assessments to restore impairments in the capital of such institution.
[ 1955 c 33 § 30.36.050. Prior: 1935 c 42 § 5; RRS § 3295-5. Formerly RCW 30.36.050.]
Structure Revised Code of Washington
Title 30A - Washington Commercial Bank Act
Chapter 30A.36 - Capital Notes or Debentures.
30A.36.020 - Issuance and sale—Status—Conversion rights.
30A.36.030 - Stock at less than par—Impairment.
30A.36.040 - Impairment to be corrected before retirement of notes or debentures.
30A.36.050 - Not subject to assessments—Liability of holders.