RCW 33.36.030
Preference in case of insolvency.
Every transfer of its property and assets by any association in this state, made in contemplation of insolvency, or after it becomes insolvent, with a view to the preference of one creditor or member over another, or to prevent the proper distribution of its property and assets among its creditors and members, shall be void.
Every director, officer, agent, or employee making such transfer or assisting therein is guilty of a class C felony as provided in chapter 9A.20 RCW.
[ 1982 c 3 § 62; 1945 c 235 § 89; Rem. Supp. 1945 § 3717-208.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
Structure Revised Code of Washington
Title 33 - Washington Savings Association Act
Chapter 33.36 - Prohibited Acts—Penalties.
33.36.010 - Illegal loans or investments.
33.36.020 - Purchase at discount of accounts or certificates.
33.36.030 - Preference in case of insolvency.
33.36.050 - False statement affecting financial standing.
33.36.060 - Suppressing, secreting, or destroying evidence or records.