RCW 24.03A.335
145 words·~1 min read·
/wa/title-24/chapter-24-03a/24-03a-335·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)A membership corporation that is not a charitable corporation may provide in its articles or bylaws that members, upon or after admission, shall make capital contributions. Except as provided in the articles or bylaws, the board shall fix the amount. The requirement of a capital contribution may apply to all members, or to the members of a single class, or to members of different classes in different amounts or proportions.
(2)The adoption or amendment of a capital contribution requirement, whether or not approved by the members, shall not apply to, or be an obligation of, a member who did not vote in favor of the adoption or amendment until thirty days after the member has been given notice of the adoption or amendment.
[ 2021 c 176 s 2105 .]
Notes:
Effective date — 2021 c 176: See note following RCW 24.03A.005 .