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2017 Revised Code of Washington
Title 32 - WASHINGTON SAVINGS BANK ACT
32.32 Conversion of mutual savings bank to capital stock savings bank.
32.32.190 Liquidation account—Maintenance required—Subaccounts.
Universal Citation: WA Rev Code § 32.32.190 (2017)
RCW 32.32.190 Liquidation account—Maintenance required—Subaccounts.
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").
[ 1981 c 85 § 37.]
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