Revised Code of Washington
Chapter 33.12 - Powers and Restrictions.
33.12.150 - Contingent fund as reserve—Members' rights to fund limited.

RCW 33.12.150
Contingent fund as reserve—Members' rights to fund limited.

The contingent fund shall constitute a reserve for the absorption of losses of a mutual association.
Members do not have, individually or collectively, any right or claim to the contingent fund except upon dissolution of the association.

[ 1982 c 3 § 27; 1981 c 84 § 3; 1963 c 246 § 4; 1961 c 222 § 2; 1945 c 235 § 51; Rem. Supp. 1945 § 3717-170. Prior: 1933 c 183 §§ 63, 67; 1925 ex.s. c 144 § 7; 1919 c 169 § 8; 1913 c 110 §§ 13, 14; 1903 c 116 § 5; 1890 p 56 § 31.]
NOTES:

Severability—1982 c 3: See note following RCW 33.04.002.

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Structure Revised Code of Washington

Revised Code of Washington

Title 33 - Washington Savings Association Act

Chapter 33.12 - Powers and Restrictions.

33.12.010 - Powers in general.

33.12.012 - Additional powers of an association—Powers conferred upon federal savings and loan association as of December 31, 1993, or a subsequent date not later than July 28, 2013—Powers of an out-of-state state savings association.

33.12.014 - Powers conferred upon federal savings and loan association—Reserve or other requirements—Authority of director to adopt by rule—Conditions.

33.12.015 - Safe deposit companies.

33.12.060 - Dealings with directors, officers, agents, employees prohibited—Exception.

33.12.140 - Expense and contingent funds.