Wash. Rev. Code § 23.100.1201

Current through 2024

Section 23.100.1201 - Disposition of assets not requiring member approval

Unless the articles of organization otherwise provide, member approval under RCW 23.100.1202 is not required for a limited cooperative association to:

(1) Sell, lease, exchange, license, or otherwise dispose of all or any part of the assets of the association in the usual and regular course of business; or

(2) Mortgage, pledge, dedicate to the repayment of indebtedness, or encumber in any way all or any part of the assets of the association whether or not in the usual and regular course of business.

RCW 23.100.1201

Added by 2019 c 37,§ 1201, eff. 7/28/2019.