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

RCW 23.100.0902

108 words·~1 min read·/wa/title-23/chapter-23-100/23-100-0902·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)When a person is dissociated as a member:
(a)The person's right to participate as a member in the management and conduct of the limited cooperative association's activities and affairs terminates; and
(b)Subject to RCW 23.100.0903 , any financial rights owned by the person in the person's capacity as a member immediately before dissociation are owned by the person as a transferee.
(2)A person's dissociation as a member does not of itself discharge the person from any debt, obligation, or other liability to the limited cooperative association or the other members which the person incurred while a member.
[ 2019 c 37 s 902 .]
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