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IN RE OLYMPIC NATIONAL AGENCIES, INC.

No. 39135.

74 Wn.2d 1 (1968)

442 P.2d 246

In the Matter of the Dissolution of OLYMPIC NATIONAL AGENCIES, INC. JOSEPH A. ZIMMERMAN, JR., Appellant, v. STEPHEN S. SELAK et al., Respondents.

The Supreme Court of Washington, Department Two.

June 13, 1968.

Attorney(s) appearing for the Case

Bogle, Gates, Dobrin, Wakefield & Long, Orlo B. Kellogg, and Ronald T. Schaps, for appellant.

Short, Cressman & Cable, Paul R. Cressman, Donald A. Cable, and John H. Strasburger, for respondents.

HUNTER, J.

This is an appeal from a decree instructing the liquidating trustee to distribute the assets of Olympic National Agencies, Inc., after the preference of the preferred stock is satisfied, to the common and preferred stockholders on a pro rata basis.

Olympic National Agencies, Inc. (hereinafter referred to as Agencies), was organized as Olympic Mutual Agencies, Inc., in 1935, with an authorized capitalization of 1,980 shares of preferred stock ($50...

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