Washington § 31.24.150 - Dissolution — Method — Distribution of assets.

Full text of Washington Revised Code of Washington § 31.24.150 — Dissolution — Method — Distribution of assets., with citation guidance and answers to common questions.

§ 31.24.150. Dissolution — Method — Distribution of assets.

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.
[ 2006 c 87 s 18; 1991 c 72 s 50; 1983 c 3 s 52; 1963 c 162 s 15.]

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Frequently Asked Questions About Washington § 31.24.150

What does Revised Code of Washington § 31.24.150 cover?

Section 31.24.150 ("Dissolution — Method — Distribution of assets.") 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 § 31.24.150?

A common citation format is "Revised Code of Washington § 31.24.150" (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 § 31.24.150 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.