Washington § 33.40.010 - Voluntary liquidation, merger, etc., authorized — Procedure.

Full text of Washington Revised Code of Washington § 33.40.010 — Voluntary liquidation, merger, etc., authorized — Procedure., with citation guidance and answers to common questions.

§ 33.40.010. Voluntary liquidation, merger, etc., authorized — Procedure.

Any domestic association may determine to enter upon voluntary liquidation, to transfer its assets and liabilities to another association, to merge with another association, to segregate its assets into classes, to charge off its losses in excess of its reserves.
Any such liquidation, transfer, merger, segregation, or charge-off shall be effected by the vote of a majority in amount of the members present, in person or by proxy, at any regular or special meeting of the members called for such purpose. Notice of such meeting, stating the purpose thereof, shall be given the director at least thirty days prior to the meeting and to the members pursuant to the provisions contained in RCW 33.20.010.
If such liquidation, transfer, merger, segregation, or charge-off be authorized by the members at the meeting, the directors of the association are authorized and shall effect such action, and the officers of the association shall execute all proper conveyances, documents, and other papers necessary or proper thereunto.
[ 1994 c 92 s 454; 1949 c 20 s 9; 1945 c 235 s 102; Rem. Supp. 1949 s 3717-221. Prior: 1935 c 171 s 4; 1933 c 183 ss 60, 78; 1919 c 169 s 17.]

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 33.40.010

What does Revised Code of Washington § 33.40.010 cover?

Section 33.40.010 ("Voluntary liquidation, merger, etc., authorized — Procedure.") 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 § 33.40.010?

A common citation format is "Revised Code of Washington § 33.40.010" (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 § 33.40.010 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

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