The authorized but unissued shares shall not become a part of the capital stock until they have been issued and paid for.

NOTES:

Reviser’s note: This section was amended by 1994 c 92 § 53 and by 1994 c 256 § 46, each without reference to the other. Both amendments are incorporated in the publication of this section pursuant to RCW 1.12.025(2). For rule of construction, see RCW 1.12.025(1).
FindingsConstruction1994 c 256: See RCW 43.320.007.

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.