RCW 31.20.040
Minimum capital stock.
No development credit corporation shall be organized with a capital stock of less than twenty-five thousand dollars, which shall be paid into the treasury of the corporation in cash before the corporation shall be authorized to transact any business other than such as relates to its organization.
[ 1959 c 213 § 4.]
Structure Revised Code of Washington
Title 31 - Miscellaneous Loan Agencies
Chapter 31.20 - Development Credit Corporations.
31.20.010 - Creation under general corporation laws authorized.
31.20.020 - Purposes specified.
31.20.040 - Minimum capital stock.
31.20.050 - Board of directors.
31.20.060 - Members power to loan funds to corporation.
31.20.070 - Members of corporation enumerated.
31.20.080 - Members duty to loan funds to corporation—Maximum limits—Proration of calls.
31.20.090 - Withdrawal from membership.
31.20.100 - Surplus reserve required.
31.20.110 - Funds to be deposited in designated depository.
31.20.120 - Money deposits prohibited.
31.20.130 - Publication of annual statement of assets and liabilities.