Washington § 31.12.697 - Unclaimed liquidation dividends.

Full text of Washington Revised Code of Washington § 31.12.697 — Unclaimed liquidation dividends., with citation guidance and answers to common questions.

§ 31.12.697. Unclaimed liquidation dividends.

Any liquidation dividends to share account holders, depositors, or other creditors of the credit union remaining uncalled for and unpaid in the hands of the receiver for six months after the order of final distribution, must be deposited in a financial institution to each share account holder's, depositor's, or creditor's credit. The funds must be held in trust for the benefit of the persons entitled to the funds and, subject to the supervision of the court, must be paid by the receiver to them upon presentation of satisfactory evidence of their right to the funds.
[ 1997 c 397 s 78.]

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Frequently Asked Questions About Washington § 31.12.697

What does Revised Code of Washington § 31.12.697 cover?

Section 31.12.697 ("Unclaimed liquidation dividends.") 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 § 31.12.697?

A common citation format is "Revised Code of Washington § 31.12.697" (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 § 31.12.697 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.