Each member in a stock association shall have a proportionate proprietary interest in its assets and net earnings subordinate to the claims of its creditors with priorities as established by this chapter.

NOTES:

Severability1982 c 3: See note following RCW 33.04.002.

Terms Used In Washington Code 33.48.080

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.