Member's proprietary interest — Subordinate to claims of creditors.

Each member in a stock association shall have a proportionate proprietary interest in its assets and net earnings subordinate to the claims of its creditors with priorities as established by this chapter.

[1982 c 3 § 94; 1969 c 107 § 8; 1967 c 49 § 6; 1955 c 122 § 9.]

Notes: Severability -- 1982 c 3: See note following RCW 33.04.002.