Revised Code of Washington - RCW Title 30 Banks And Trust Companies - Section 30.08.087 Authorized but unissued shares of capital stock -- Issuance -- Consideration

§ 30.08.087. Authorized but unissued shares of capital stock -- Issuance -- Consideration

Any bank or trust company may provide in its articles of incorporation or amendments thereto for authorized but unissued shares of its capital stock. The shares may be issued for such consideration as shall be established by the board from time to time and all consideration received therefor shall be allocated to the capital stock or surplus of the corporation.

[1994 c 256 § 45; 1986 c 279 § 26; 1979 c 106 § 1; 1965 c 140 § 1.]

Notes:
     Findings -- Construction -- 1994 c 256: See RCW 43.320.007.

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Last modified: April 7, 2009