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Statutes > Washington Laws > Title 31 - Miscellaneous loan agencies > 31.20 - Development credit corporations. > 31.20.040 - Minimum capital stock.

STATE STATUTES & CODES

WASHINGTON STATUTES AND CODES

31.20.040 - Minimum capital stock.

Minimum capital stock.

No development credit corporation shall be organized with a capital stock of less than twenty-five thousand dollars, which shall be paid into the treasury of the corporation in cash before the corporation shall be authorized to transact any business other than such as relates to its organization.

[1959 c 213 ยง 4.]

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