Washington Statutes
§ 30A.56.070 — No dividends until reductions paid.
Washington § 30A.56.070
This text of Washington § 30A.56.070 (No dividends until reductions paid.) 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.56.070 (2026).
Text
A bank for which such a plan has been put into effect shall not declare or pay a dividend or distribute any of its assets among stockholders until there shall have been set aside for and credited ratably to the creditors whose demands were reduced an amount equal to the aggregate of the reductions.
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Legislative History
[1955 c 33 s 30.56.070. Prior:1933 c 49 s 7; RRS 3293-7. Formerly RCW30.56.070.]
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Duty to comply—Violations—Penalty.Cite This Page — Counsel Stack
Bluebook (online)
Washington § 30A.56.070, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/30A.56.070.