Wash. Rev. Code § 33.12.150

Current through Chapter 376 of the 2024 Regular Session

Section 33.12.150 - Contingent fund as reserve-Members' rights to fund limited

The contingent fund shall constitute a reserve for the absorption of losses of a mutual association.

Members do not have, individually or collectively, any right or claim to the contingent fund except upon dissolution of the association.

RCW 33.12.150

1982 c 3 § 27; 1981 c 84 § 3; 1963 c 246 § 4; 1961 c 222 § 2; 1945 c 235 § 51; Rem. Supp. 1945 § 3717-170. Prior: 1933 c 183 §§ 63, 67; 1925 ex.s. c 144 § 7; 1919 c 169 § 8; 1913 c 110 §§ 13, 14; 1903 c 116 § 5; 1890 p 56 § 31.

Severability-1982 c 3: See note following RCW 33.04.002.