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RCW
33.12.150
Contingent fund as reserve
—
Members' rights to fund limited.
The contingent fund shall constitute a reserve for the absorption of losses of a mutual association.
Members do not have, individually or collectively, any right or claim to the contingent fund except upon dissolution of the association.
[
1982 c 3 § 27
;
1981 c 84 § 3
;
1963 c 246 § 4
;
1961 c 222 § 2
;
1945 c 235 § 51
; Rem. Supp. 1945 § 3717-170. Prior: 1933 c 183 §§ 63, 67;
1925 ex.s. c 144 § 7
;
1919 c 169 § 8
; 1913 c 110 §§ 13, 14;
1903 c 116 § 5
;
1890 p 56 § 31
.]
NOTES:
Severability
—
1982 c 3:
See note following RCW
33.04.002
.