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§ 31-20-040 — Washington Law | CourtGPT
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  5. Chapter 31.20 - Development Credit Corporations.31.20.010 - Creation Under General Corporation Laws Authorized/
  6. § 31-20-040
Washington Legal Code

§ 31-20-040

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RCW 31.20.040Minimum 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 s 4.]