Washington § 23.78.100 Provision for conversion of shares and accounts—Limitations upon merger.

Washington Statutes

§ 23.78.100 — Provision for conversion of shares and accounts—Limitations upon merger.

Washington § 23.78.100

Title 23CORPORATIONS AND ASSOCIATIONS (PROFIT) (Business Corporation Act: See Title 23B RCW)

Ch. 23.78EMPLOYEE COOPERATIVE CORPORATIONS

This text of Washington § 23.78.100 (Provision for conversion of shares and accounts—Limitations upon merger.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wash. Rev. Code § 23.78.100 (2026).

Text

(1)When any employee cooperative revokes its election in accordance with RCW 23.78.030 , the articles of amendment shall provide for conversion of membership shares and internal capital accounts or their conversion to securities or other property in a manner consistent with Title 23B RCW.

(2)An employee cooperative that has not revoked its election under this chapter may not merge with another corporation other than an employee cooperative. Two or more employee cooperatives may merge in accordance with RCW 23B.01.200 , 23B.07.050 , and *chapter 23B.11 RCW. *Reviser's note: Chapter 23B.11 RCW was repealed in its entirety by 2024 c 22 s 13 . For later enactment, see chapter 23B.11A RCW.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) When any employee cooperative revokes its election in accordance with RCW 23.78.030 , the articles of amendment shall provide for conversion of membership shares and internal capital accounts or their conversion to securities or other property in a manner consistent with Title 23B RCW.

(2) An employee cooperative that has not revoked its election under this chapter may not merge with another corporation other than an employee cooperative. Two or more employee cooperatives may merge in accordance with RCW 23B.01.200 , 23B.07.050 , and *chapter 23B.11 RCW.

*Reviser's note: Chapter 23B.11 RCW was repealed in its entirety by 2024 c 22 s 13 . For later enactment, see chapter 23B.11A RCW.