Revised Code of Washington (RCW) (Last Updated: August 9, 2016) |
Title 33. WASHINGTON SAVINGS ASSOCIATION ACT |
Chapter 33.44. Conversion to mutual savings bank. |
Section 33.44.080. Depositor's interest upon conversion.
Latest version.
- Upon the conversion of any association into a savings bank or commercial bank, every person who was a depositor of the association at the time of the conversion shall become and be deemed to be a depositor of the bank in a sum equal to the value of the deposit of the depositor as of the day on which the conversion was consummated.NOTES:Severability—1982 c 3: See note following RCW 33.04.002.