Washington § 48.31.060 - Liquidation — Order.

Full text of Washington Revised Code of Washington § 48.31.060 — Liquidation — Order., with citation guidance and answers to common questions.

§ 48.31.060. Liquidation — Order.

(1) An order to liquidate the business of a domestic insurer shall direct the commissioner forthwith to take possession of the property of the insurer, to liquidate its business, to deal with the insurer's property and business in his or her own name as commissioner or in the name of the insurer as the court may direct, to give notice to all creditors who may have claims against the insurer to present such claims.
(2) The commissioner may apply under this chapter for an order dissolving the corporate existence of a domestic insurer:
(a) Upon his or her application for an order of liquidation of such insurer, or at any time after such order has been granted; or
(b) Upon the grounds specified in item (3) of RCW 48.31.050, regardless of whether an order of liquidation is sought or has been obtained.
[ 2009 c 549 s 7124; 1947 c 79 s .31.06; Rem. Supp. 1947 s 45.31.06.]

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Frequently Asked Questions About Washington § 48.31.060

What does Revised Code of Washington § 48.31.060 cover?

Section 48.31.060 ("Liquidation — Order.") 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 § 48.31.060?

A common citation format is "Revised Code of Washington § 48.31.060" (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 § 48.31.060 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.

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