RCW 31.24.150
Dissolution—Method—Distribution of assets.
A business development company, upon the affirmative vote of two-thirds of the votes of the stockholders entitled to vote their shares, shall dissolve the business development company as provided by Title 23B RCW, to the extent that Title 23B RCW is not in conflict with this chapter. Upon dissolution of the business development company, none of the business development company's assets shall be distributed to the stockholders until all sums due the creditors thereof have been paid in full.
[ 2006 c 87 § 18; 1991 c 72 § 50; 1983 c 3 § 52; 1963 c 162 § 15.]
Structure Revised Code of Washington
Title 31 - Miscellaneous Loan Agencies
Chapter 31.24 - Industrial Development Corporations.
31.24.005 - Findings—Declarations—Intent.
31.24.020 - Application—Contents—Articles of incorporation—Fees—Initial capital—Approval.
31.24.023 - Filing articles of incorporation—Receipt of certificate of authority.
31.24.025 - Fees—Director's discretion.
31.24.066 - Plan of assessment—Purpose—Requirements—Approval.
31.24.070 - Powers of stockholders—Voting rights—Proxy voting—Plan of assessment—Dividends—Rules.
31.24.073 - Aggregate limit on loans and investments—Single borrower or business.
31.24.075 - Insider transactions.
31.24.080 - Amendment of articles of incorporation—Director's approval—Filing.
31.24.090 - Board of directors—Officers and agents—Powers—Election—Meetings.
31.24.100 - Minimum capital, surplus, undivided profits, and net earnings.
31.24.110 - No receipt of money on deposit.
31.24.120 - Examinations by director of financial institutions—Reports—Authority of director.
31.24.130 - First meeting—Notice—Duties of incorporators.
31.24.140 - Duration of business development company.
31.24.150 - Dissolution—Method—Distribution of assets.
31.24.160 - Credit of state not pledged.
31.24.170 - Business development companies designated state development companies.
31.24.200 - Insolvency and liquidation—Chapter 30.44 RCW.
31.24.205 - Supervisory direction and conservatorship.
31.24.210 - Mergers or consolidations—Application—Approval.
31.24.220 - Confidentiality and disclosure—Examinations.