RCW 24.06.075

Shares—Consideration, fixing.

Known as the Nonprofit Miscellaneous and Mutual Corporation Act

The act spans §§ 24–24 (114 sections).

1969 ex.s. c 120 s 15.

(1) Shares having a par value may be issued for such consideration expressed in dollars, not less than the par value thereof, as shall be fixed from time to time by the board of directors.

(2) Shares without par value shall be issued for such consideration expressed in dollars as may be fixed from time to time by the board of directors.

Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.