Wash. Rev. Code § 23B.10.020

Current through 2024
Section 23B.10.020 - Amendment of articles of incorporation by board of directors

Unless the articles of incorporation provide otherwise, a corporation's board of directors may adopt one or more amendments to the corporation's articles of incorporation without shareholder approval:

(1) If the corporation 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 names and addresses of the initial directors;
(3) To delete the name and address of the initial registered agent or registered office, if a statement of change is on file with the secretary of state;
(4) If the corporation has only one class of shares outstanding, solely to:
(a) Effect a forward stock split of, or change the number of authorized shares of that class in proportion to a forward stock split of, or share dividend in, the corporation's outstanding shares; or
(b) Effect a reverse stock split of the corporation's outstanding shares if the number of authorized shares of that class is proportionately reduced by the amendment;
(5) To change the corporate name; or
(6) To make any other change expressly permitted by this title to be made without shareholder approval.

RCW 23B.10.020

Amended by 2023 c 432,§ 4, eff. 7/23/2023.
2009 c 189 § 31; 2003 c 35 § 3; 1989 c 165 § 121.