Washington § 30A.44.170 Voluntary liquidation—Notice to creditors.

Washington Statutes

§ 30A.44.170 — Voluntary liquidation—Notice to creditors.

Washington § 30A.44.170

Title 30AWASHINGTON COMMERCIAL BANK ACT

Ch. 30A.44INSOLVENCY AND LIQUIDATION

This text of Washington § 30A.44.170 (Voluntary liquidation—Notice to creditors.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wash. Rev. Code § 30A.44.170 (2026).

Text

Any bank may, upon receipt of written permission from the director, go into voluntary liquidation by a vote of its stockholders owning two-thirds of its capital stock. When such liquidation is authorized, the directors of such corporation shall publish in a newspaper published in the place where such corporation is located, once a week for four consecutive weeks, a notice requiring creditors of such corporation to present their claims against it for payment.

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Any bank may, upon receipt of written permission from the director, go into voluntary liquidation by a vote of its stockholders owning two-thirds of its capital stock. When such liquidation is authorized, the directors of such corporation shall publish in a newspaper published in the place where such corporation is located, once a week for four consecutive weeks, a notice requiring creditors of such corporation to present their claims against it for payment.