Revised Code of Washington - RCW Title 30 Banks And Trust Companies - Section 30.04.560 Reorganization as subsidiary of bank holding company -- Dissenter's rights -- Conditions

§ 30.04.560. Reorganization as subsidiary of bank holding company -- Dissenter's rights -- Conditions

If the shareholders approve the reorganization by a two-thirds vote of each class of shares entitled to vote under the terms of such shares, and if it is thereafter approved by the director and consummated, any shareholder of the banking corporation who has voted shares against such reorganization at such meeting or has given notice in writing at or prior to such meeting to the banking corporation that he or she dissents from the plan of reorganization and has not voted in favor of the reorganization, shall be entitled to receive the value of the shares determined as provided in RCW 30.04.565. Such dissenter's rights must be exercised by making written demand which shall be delivered to the corporation at any time within thirty days after the date of shareholder approval, accompanied by the surrender of the appropriate stock certificates.

[1994 c 92 § 37; 1986 c 279 § 42; 1982 c 196 § 3.]

Notes:
     Severability -- 1982 c 196: See note following RCW 30.04.550.

Sections:  Previous  30.04.475  30.04.500  30.04.505  30.04.510  30.04.515  30.04.550  30.04.555  30.04.560  30.04.565  30.04.570  30.04.575  30.04.600  30.04.605  30.04.610  30.04.650  Next

Last modified: April 7, 2009