RCW 24.03A.922
173 words·~1 min read·
/wa/title-24/chapter-24-03a/24-03a-922·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A claim that is not barred by RCW 24.03A.918
(4)or 24.03A.920
(3)may be enforced:
(1)Against the dissolved nonprofit corporation, to the extent of its undistributed assets; or
(2)Except as provided in RCW 24.03A.924 (4), if the assets have been distributed in liquidation, against any person, other than a creditor of the dissolved corporation, to whom the corporation distributed its property, subject to the following restrictions:
(a)Recovery is limited to the amount of the distributee's pro rata share of the claim or the corporate assets distributed to the distributee in liquidation, whichever is less;
(b)A distributee's total liability for all claims under this section may not exceed the total amount of assets distributed to the distributee; and
(c)A distributee is only liable to the extent permitted by existing common law or statutory remedies, and nothing in this section creates a separate cause of action against a distributee.
[ 2021 c 176 s 3510 .]
Notes:
Effective date — 2021 c 176: See note following RCW 24.03A.005 .