Revised Code of Washington - RCW Title 23 Corporations And Associations (Profit) (Business Corporation Act: See Title 23b Rcw) - Section 23.78.060 Right to vote -- Power to amend or repeal bylaws -- Right to amend articles of incorporation

§ 23.78.060. Right to vote -- Power to amend or repeal bylaws -- Right to amend articles of incorporation

(1) No capital stock other than membership shares shall be given voting power in an employee cooperative, except as otherwise provided in this chapter, or in the articles of incorporation.

(2) The power to amend or repeal bylaws of an employee cooperative shall be in the members only.

(3) Except as otherwise permitted by RCW 23B.10.040, no capital stock other than membership shares shall be permitted to vote on any amendment to the articles of incorporation.

[1991 c 72 § 12; 1987 c 457 § 7.]

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Last modified: April 7, 2009