Washington Code 24.03A.470 – Voting agreements
Current as of: 2023 | Check for updates
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(1) If the articles or bylaws allow voting agreements, then two or more members may provide for the manner in which they will vote by executing an agreement in the form of a record for that purpose, to the extent allowed under the articles or bylaws.
Terms Used In Washington Code 24.03A.470
- 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 voting agreement is specifically enforceable if:
(a) The voting agreement is allowed under the articles or bylaws; or
(b) The effective date of the voting agreement is before January 1, 2022.
(3) Notwithstanding subsection (2) of this section, no voting agreement is enforceable to the extent that enforcement of the agreement would violate the purposes of the membership corporation.
NOTES:
Effective date—2021 c 176: See note following RCW 24.03A.005.