Section 33.48.270. Reduction of stock—Disposition of surplus.

Latest version.

Any surplus resulting from reduction of stock shall not be available for dividends or other distribution to stockholders except upon liquidation.

[ 1982 c 3 § 109; 1973 c 130 § 17.]

NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
Severability—1973 c 130: See note following RCW 33.24.350.

1982 c 3 § 109; 1973 c 130 § 17.

                    
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