Washington § 31.24.150 Dissolution—Method—Distribution of assets.

Washington Statutes

§ 31.24.150 — Dissolution—Method—Distribution of assets.

Washington § 31.24.150

Title 31MISCELLANEOUS LOAN AGENCIES

Ch. 31.24INDUSTRIAL DEVELOPMENT CORPORATIONS

This text of Washington § 31.24.150 (Dissolution—Method—Distribution of assets.) 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 § 31.24.150 (2026).

Text

A business development company, upon the affirmative vote of two-thirds of the votes of the stockholders entitled to vote their shares, shall dissolve the business development company as provided by Title 23B RCW, to the extent that Title 23B RCW is not in conflict with this chapter. Upon dissolution of the business development company, none of the business development company's assets shall be distributed to the stockholders until all sums due the creditors thereof have been paid in full.

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A business development company, upon the affirmative vote of two-thirds of the votes of the stockholders entitled to vote their shares, shall dissolve the business development company as provided by Title 23B RCW, to the extent that Title 23B RCW is not in conflict with this chapter. Upon dissolution of the business development company, none of the business development company's assets shall be distributed to the stockholders until all sums due the creditors thereof have been paid in full.