Washington § 31.20.040 - Minimum capital stock.

Full text of Washington Revised Code of Washington § 31.20.040 — Minimum capital stock., with citation guidance and answers to common questions.

§ 31.20.040. Minimum capital stock.

No development credit corporation shall be organized with a capital stock of less than twenty-five thousand dollars, which shall be paid into the treasury of the corporation in cash before the corporation shall be authorized to transact any business other than such as relates to its organization.
[ 1959 c 213 s 4.]

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Frequently Asked Questions About Washington § 31.20.040

What does Revised Code of Washington § 31.20.040 cover?

Section 31.20.040 ("Minimum capital stock.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 31.20.040?

A common citation format is "Revised Code of Washington § 31.20.040" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 31.20.040 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Washington.