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Code · Washington · Title 23 — Corporations and Associations (Profit) (Business Corporation Act: See Title 23b Rcw) · Chapter 23.100

RCW 23.100.0603

123 words·~1 min read·/wa/title-23/chapter-23-100/23-100-0603·

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(1)Unless the organic rules otherwise provide, and subject to subsection
(3)of this section, each director of a limited cooperative association must be an individual who is a member of the association or an individual who is designated by a member that is not an individual for purposes of qualifying and serving as a director. Initial directors need not be members.
(2)Unless the organic rules otherwise provide, a director may be an officer or employee of the limited cooperative association.
(3)If the organic rules provide for nonmember directors, at least two-thirds of the directors must be members.
(4)The organic rules may provide qualifications for directors in addition to those in this section.
[ 2019 c 37 s 603 .]
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