Revised Code of Washington (RCW) (Last Updated: August 9, 2016) |
Title 32. WASHINGTON SAVINGS BANK ACT |
Chapter 32.32. Conversion of mutual savings bank to capital stock savings bank. |
Section 32.32.190. Liquidation account—Maintenance required—Subaccounts.
Latest version.
- The liquidation account shall be maintained by the converted savings bank for the benefit of eligible account holders and supplemental eligible account holders who maintain their savings accounts in the bank. Each such eligible account holder shall, with respect to each savings account, have a related inchoate interest in a portion of the liquidation account balance ("subaccount").