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§ 23b-25-120 — Washington Law | CourtGPT
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  6. § 23b-25-120
Washington Legal Code

§ 23b-25-120

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RCW 23B.25.120Shareholder dissent—Payment of fair value, when.In addition to the corporate actions set forth in RCW 23B.13.020(1), a shareholder is entitled to dissent from, and obtain payment of the fair value of the shareholder's shares in the event of, any of the following corporate actions:(1) An election by a corporation to become a social purpose corporation, which has become effective, to which the corporation is a party if shareholder approval was required for the election by RCW 23B.25.130 or the articles of incorporation;(2) An election to cease to be a social purpose corporation, which has become effective, to which the corporation is a party if shareholder approval was required for the election by RCW 23B.25.140 or the articles of incorporation, and the shareholder was entitled to vote on the election; and(3) An amendment of the social purpose corporation's articles of incorporation that would materially change one or more of the social purposes of the corporation.[ 2012 c 215 s 13.]