RCW 33.46.070
Depositor's interest upon conversion.
Upon the conversion of a bank into an association, every person who was a depositor of the bank at the time of the conversion shall become and be deemed to be a depositor of the association in a sum equal to the value of the deposits of the depositor in the bank as of the day on which the conversion was consummated.
[ 1982 c 3 § 86; 1975 1st ex.s. c 83 § 7.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
Structure Revised Code of Washington
Title 33 - Washington Savings Association Act
Chapter 33.46 - Conversion of Savings Bank or Commercial Bank to Association.
33.46.020 - Conversion of bank to association—Procedure.
33.46.030 - Cash contributions to expense fund if becoming domestic mutual association.
33.46.040 - Appeal from denial of application.
33.46.050 - Certificate of reincorporation—Required—Filing—Contents.
33.46.060 - Issuance of authorization certificate—Filing—Completion of conversion—Effect.
33.46.070 - Depositor's interest upon conversion.
33.46.080 - Transfer of securities—Conformance to state association laws, when.
33.46.090 - Assets, liabilities, etc., vested in association upon conversion.
33.46.100 - Initial meeting of shareholders of domestic association—Notice—Proxy voting.