Washington § 32.24.020 - Procedure to liquidate and dissolve.

Full text of Washington Revised Code of Washington § 32.24.020 — Procedure to liquidate and dissolve., with citation guidance and answers to common questions.

§ 32.24.020. Procedure to liquidate and dissolve.

When the trustees, acting under the provisions of RCW 32.24.010, have paid the sums due respectively to all creditors and depositors, who, after such notice as the director shall prescribe, claim the money due and their deposits, the trustees shall make a transcript or statement from the books in the bank of the names of all depositors and creditors who have not claimed or have not received the balance of the credit due them, and of the sums due them, respectively, and shall file such transcript with the director and pay over and transfer all such unclaimed and unpaid deposits, credits, and moneys to the director. The trustees shall then report their proceedings, duly verified, to the superior court of the county wherein the bank is located, and upon such report and the petition of the trustees, and after notice to the attorney general and the director, and such other notice as the court may deem necessary, the court shall adjudge the franchise surrendered and the existence of the corporation terminated. Certified copies of the judgment shall be filed in the offices of the secretary of state and the director and shall be recorded in the office of the secretary of state.
[ 1994 c 92 s 340; 1981 c 302 s 29; 1955 c 13 s 32.24.020. Prior: 1931 c 132 s 4; 1915 c 175 s 46; RRS s 3375.]

Notes

Severability—1981 c 302: See note following RCW 19.76.100.

Related Washington Legal Topics

Frequently Asked Questions About Washington § 32.24.020

What does Revised Code of Washington § 32.24.020 cover?

Section 32.24.020 ("Procedure to liquidate and dissolve.") 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 § 32.24.020?

A common citation format is "Revised Code of Washington § 32.24.020" (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 § 32.24.020 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.