§26.1 - Introduction/History
| Jurisdiction | Washington |
§26.1 INTRODUCTION/HISTORY
In 2004, Washington passed legislation (the Act) substantially revamping the then-existing receivership statute, Chapter 7.60 RCW, and the then-existing assignment for benefit of creditors (ABC) statute, Chapter 7.08 RCW.
The intent of the legislation was to provide a comprehensive receivership statute giving greater guidance to the bench and bar on the powers and duties of a receiver, in some cases codifying existing receivership case law, and in other cases expanding or...
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