RCW 33.40.130
Payment of deposits accepted during economic emergency, preference.
Savings deposits received by an association, during a period or periods of postponement of payment of withdrawals or of acute business depression, panic or economic emergency under authorization or declaration of the director as hereinbefore provided, shall be repaid to the depositors paying in such savings before any liquidation dividends shall be declared or paid if, during such period or periods or at the expiration thereof, the director takes charge of the association for liquidation, as provided in this title.
[ 1994 c 92 § 464; 1982 c 3 § 73; 1945 c 235 § 100; Rem. Supp. 1945 § 3717-219.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
Structure Revised Code of Washington
Title 33 - Washington Savings Association Act
Chapter 33.40 - Insolvency, Liquidation, Merger.
33.40.010 - Voluntary liquidation, merger, etc., authorized—Procedure.
33.40.020 - Director may take possession of domestic association on notice for delinquency.
33.40.030 - Possession without notice.
33.40.040 - Procedure on taking possession.
33.40.050 - Involuntary liquidation—Procedure—Federal insurance corporation as liquidator.
33.40.060 - Procedure to be as in receivership.
33.40.070 - Liquidator's powers.
33.40.075 - Investment of liquidation funds—Use of income.
33.40.080 - Disposition of records.
33.40.110 - Voluntary liquidation—Disposition of unclaimed dividends and records.
33.40.120 - Removal of liquidator—Appellate review.
33.40.130 - Payment of deposits accepted during economic emergency, preference.
33.40.150 - Appointment of provisional officers and directors.