RCW 23.100.0414
139 words·~1 min read·
/wa/title-23/chapter-23-100/23-100-0414·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If a limited cooperative association has both patron and investor members, the following rules apply:
(1)The total voting power of all patron members may not be less than a majority of the entire voting power entitled to vote.
(2)Action on any matter is approved only upon the affirmative vote of at least a majority of:
(a)All members voting at the meeting unless more than a majority is required by RCW 23.100.0301 through 23.100.0307 , 23.100.1001 through 23.100.1013 , or 23.100.1201 through 23.100.1204 or the organic rules; and
(b)Votes cast by patron members unless the organic rules require a larger affirmative vote by patron members.
(3)The organic rules may provide for the percentage of the affirmative votes that must be cast by investor members to approve the matter.
[ 2019 c 37 s 414 .]