Washington § 23B.06.410 Stock split.

Washington Statutes

§ 23B.06.410 — Stock split.

Washington § 23B.06.410

Title 23BWASHINGTON BUSINESS CORPORATION ACT

Ch. 23B.06SHARES AND DISTRIBUTIONS

This text of Washington § 23B.06.410 (Stock split.) 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 § 23B.06.410 (2026).

Text

(1)A corporation may effect a stock split by means of an amendment to the articles of incorporation stating the effect of the stock split on the outstanding shares of the affected class.

(2)An amendment to the articles of incorporation to effect a stock split may, but is not required to, include a change in the authorized shares of the affected class.

(3)Except for a forward stock split that complies with RCW 23B.10.020 (4)(a) or a reverse stock split that complies with RCW 23B.10.020 (4)(b), an amendment to the articles of incorporation to effect a stock split must be approved in accordance with RCW 23B.10.030 and, if applicable, RCW 23B.10.040 .

(4)The board of directors may fix the record date for determining shareholders affected by a stock split, which date may not precede the

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(1) A corporation may effect a stock split by means of an amendment to the articles of incorporation stating the effect of the stock split on the outstanding shares of the affected class.

(2) An amendment to the articles of incorporation to effect a stock split may, but is not required to, include a change in the authorized shares of the affected class.

(3) Except for a forward stock split that complies with RCW 23B.10.020 (4)(a) or a reverse stock split that complies with RCW 23B.10.020 (4)(b), an amendment to the articles of incorporation to effect a stock split must be approved in accordance with RCW 23B.10.030 and, if applicable, RCW 23B.10.040 .

(4) The board of directors may fix the record date for determining shareholders affected by a stock split, which date may not precede the date on which the amendment to the articles of incorporation effecting the stock split becomes effective in accordance with RCW 23.95.210 . If the board of directors does not fix the record date for determining shareholders affected by a stock split, the record date is the date on which the amendment to the articles of incorporation effecting the stock split becomes effective in accordance with RCW 23.95.210 .