Washington Code 23B.13.240 – Share restrictions
Current as of: 2023 | Check for updates
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(1) The corporation may restrict the transfer of uncertificated shares from the date the demand for payment under RCW 23B.13.230 is received until the proposed corporate action is effected or the restriction is released under RCW 23B.13.260.
Terms Used In Washington Code 23B.13.240
- person: may be construed to include the United States, this state, or any state or territory, or any public or private corporation or limited liability company, as well as an individual. See Washington Code 1.16.080
- Shareholder: means the record shareholder or the beneficial shareholder. See Washington Code 23B.13.010
(2) The person for whom dissenters’ rights are asserted as to uncertificated shares retains all other rights of a shareholder until the effective date of the proposed corporate action.