16.65.310 - Licensee's failure to pay vendor, consignor -- Settlement, compromise -- Creditors share -- Priority of state's claim. - Washington Statutes

Licensee's failure to pay vendor, consignor — Settlement, compromise — Creditors share — Priority of state's claim.

In any settlement or compromise by the director with a surety company as provided in RCW 16.65.290, where there are two or more consignor and/or vendor creditors that have filed claims, either fixed or contingent, against a licensee's bond, such creditors shall share pro rata in the proceeds of the bond to the extent of their actual damage: PROVIDED, That the claims of the state and the department which may accrue from the conduct of the licensee's public livestock market shall have priority over all other claims.

[1959 c 107 § 31.]