Ban-Mac, Inc. v. King County

This is another appeal by King County seeking to have this court construe RCW 28.45, so as to make taxable as a “sale,” the transfer of title to real property which takes place when a corporate owner of real estate is dissolved-, pursuant to the voluntary dissolution proceedings authorized by RCW 23.01.520, 530, and the corporate real estate is distributed to the stockholders in kind, as surplus property.

•Eleven years have passed since we first determined that such a transfer of ownership of real estate was not a taxable sale. Deer Park Pine Indus., Inc. v. Stevens Cy., 46 Wn.2d 852, 286 P.2d…