Washington Code 23.100.1202 – Member approval of other disposition of assets
Current as of: 2023 | Check for updates
|
Other versions
A sale, lease, exchange, license, or other disposition of assets of a limited cooperative association, other than a disposition described in RCW 23.100.1201, requires approval of the association’s members under RCW 23.100.1203 and 23.100.1204 if the disposition leaves the association without significant continuing business activity.
[ 2019 c 37 § 1202.]
Terms Used In Washington Code 23.100.1202
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC