Washington Code 24.03A.340 – Rights and obligations
Current as of: 2023 | Check for updates
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(1) The members of a membership corporation have only those rights, privileges, powers, or obligations specifically given or assigned to members in the articles, the bylaws, or RCW 24.03A.450.
Terms Used In Washington Code 24.03A.340
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(2) A member shall not have the right to vote on any matter unless the articles, the bylaws, or RCW 24.03A.450(1) provides expressly that the class of members to which that member belongs has the right to vote on that particular matter.
NOTES:
Effective date—2021 c 176: See note following RCW 24.03A.005.