Revised Code of Washington - RCW Title 23B Washington Business Corporation Act - Chapter 23B.06 Shares And Distributions

• 23B.06.010 Authorized shares
  (1) The articles of incorporation must prescribe the classes of shares and the number of shares of each class that the corporation is authorized to ...
• 23B.06.020 Terms of class or series
  (1) If the articles of incorporation so provide, the board of directors may determine, in whole or part, the preferences, limitations, voting powers, and relative ...
• 23B.06.030 Issued and outstanding shares
  (1) A corporation may issue the number of shares of each class or series authorized by the articles of incorporation. Shares that are issued are ...
• 23B.06.040 Fractional shares
  (1) A corporation may: (a) Issue fractions of a share or pay in money the value of fractions of a share; (b) Arrange for disposition ...
• 23B.06.200 Subscription for shares before incorporation
  (1) A written subscription for shares entered into before incorporation is irrevocable for six months unless the subscription agreement provides a longer or shorter period ...
• 23B.06.210 Issuance of shares
  (1) The powers granted in this section to the board of directors may be reserved to the shareholders by the articles of incorporation. (2) Any ...
• 23B.06.220 Liability of shareholders
  A purchaser from a corporation of its own shares is not liable to the corporation or its creditors with respect to the shares except to ...
• 23B.06.230 Share dividends
  (1) Unless the articles of incorporation provide otherwise, shares may be issued pro rata and without consideration to the corporation's shareholders or to the shareholders ...
• 23B.06.240 Share options
  (1) Unless the articles of incorporation provide otherwise, a corporation may issue rights, options, or warrants for the purchase of shares of the corporation. The ...
• 23B.06.250 Certificates
  (1) Shares may but need not be represented by certificates. Unless this title or another statute expressly provides otherwise, the rights and obligations of shareholders ...
• 23B.06.260 Shares without certificates
  (1) Unless the articles of incorporation or bylaws provide otherwise, the board of directors of a corporation may authorize the issue of some or all ...
• 23B.06.270 Restriction on transfer of shares and other securities
  (1) The articles of incorporation, bylaws, an agreement among shareholders, or an agreement between shareholders and the corporation may impose restrictions on the transfer or ...
• 23B.06.280 Expense of issue
  A corporation may pay the expenses of selling or underwriting its shares, and of organizing or reorganizing the corporation, from the consideration received for shares.[1989 ...
• 23B.06.300 Shareholders' preemptive rights
  (1) Unless the articles of incorporation provide otherwise, and subject to the limitations in subsections (3) and (4) of this section, the shareholders of a ...
• 23B.06.310 Corporation's acquisition of its own shares
  (1) A corporation may acquire its own shares and shares so acquired constitute authorized but unissued shares. (2) If the articles of incorporation prohibit the ...
• 23B.06.400 Distributions to shareholders
  (1) A board of directors may authorize and the corporation may make distributions to its shareholders subject to restriction by the articles of incorporation and ...

Last modified: April 7, 2009