Washington Code 24.06.075 – Shares — Consideration, fixing
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(1) Shares having a par value may be issued for such consideration expressed in dollars, not less than the par value thereof, as shall be fixed from time to time by the board of directors.
Terms Used In Washington Code 24.06.075
- Board of directors: means the group of persons vested with the management of the affairs of the corporation irrespective of the name by which such group is designated. See Washington Code 24.06.005
(2) Shares without par value shall be issued for such consideration expressed in dollars as may be fixed from time to time by the board of directors.