2018 Revised Code of Washington
Title 23B - WASHINGTON BUSINESS CORPORATION ACT
23B.25 Social purpose corporations.
23B.25.120 Shareholder dissent—Payment of fair value, when.
RCW 23B.25.120 Shareholder dissent—Payment of fair value, when.
In addition to the corporate actions set forth in RCW 23B.13.020(1), a shareholder is entitled to dissent from, and obtain payment of the fair value of the shareholder's shares in the event of, any of the following corporate actions:
(1) An election by a corporation to become a social purpose corporation, which has become effective, to which the corporation is a party if shareholder approval was required for the election by RCW 23B.25.130 or the articles of incorporation;
(2) An election to cease to be a social purpose corporation, which has become effective, to which the corporation is a party if shareholder approval was required for the election by RCW 23B.25.140 or the articles of incorporation, and the shareholder was entitled to vote on the election; and
(3) An amendment of the social purpose corporation's articles of incorporation that would materially change one or more of the social purposes of the corporation.
[ 2012 c 215 § 13.]
