Washington § 30A.08.090 Amendment of articles—Procedure.

Washington Statutes

§ 30A.08.090 — Amendment of articles—Procedure.

Washington § 30A.08.090

Title 30AWASHINGTON COMMERCIAL BANK ACT

Ch. 30A.08ORGANIZATION AND POWERS

This text of Washington § 30A.08.090 (Amendment of articles—Procedure.) 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 § 30A.08.090 (2026).

Text

Unless the articles of incorporation provide otherwise, the board of directors of a bank may, by majority vote, amend the bank's articles of incorporation without shareholder action as follows:

(1)If the bank has only one class of shares outstanding, to provide, change, or eliminate any provision with respect to the par value of any class of shares;

(2)To delete the name and address of the initial directors;

(3)If the bank has only one class of shares outstanding, solely to change the number of authorized shares to effectuate a split of, or stock dividend in, the bank's own shares, or solely to do so and to change the number of authorized shares in proportion thereto;

(4)To change the bank's name; or

(5)To make any other change expressly permitted by this title to be made without

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Unless the articles of incorporation provide otherwise, the board of directors of a bank may, by majority vote, amend the bank's articles of incorporation without shareholder action as follows:

(1) If the bank has only one class of shares outstanding, to provide, change, or eliminate any provision with respect to the par value of any class of shares;

(2) To delete the name and address of the initial directors;

(3) If the bank has only one class of shares outstanding, solely to change the number of authorized shares to effectuate a split of, or stock dividend in, the bank's own shares, or solely to do so and to change the number of authorized shares in proportion thereto;

(4) To change the bank's name; or

(5) To make any other change expressly permitted by this title to be made without shareholder action.

Other amendments to a bank's articles of incorporation, in a manner not inconsistent with the provisions of this title, require the affirmative vote of the stockholders representing two-thirds of each class of shares entitled to vote under the terms of the shares at a regular meeting, or special meeting duly called for that purpose in the manner prescribed by the bank's bylaws. No amendment shall be made whereby a bank becomes a trust company unless such bank first receives permission from the director.

Findings — Construction — 1994 c 256: See RCW 43.320.007 .

Legislative History

[2014 c 37 s 163. Prior:1994 c 256 s 47;1994 c 92 s 54;1987 c 420 s 3;1986 c 279 s 28;1965 c 140 s 3;1955 c 33 s 30.08.090; prior:1923 c 115 s 7;1917 c 80 s 26; RRS s 3233. Formerly RCW30.08.090.]