In case of the expulsion of a member, and where the bylaws do not provide any procedure or penalty, the board of directors shall equitably and conclusively appraise his or her property interest in the association and shall fix the amount thereof in money, which shall be paid to him or her within one year after such expulsion.
RCW 24.36.290
Appraisal of expelled member's property—Payment.
Known as the The Fish Marketing Act
The act spans §§ 24–24 (48 sections).
2011 c 336 s 680; 1959 c 312 s 29.
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.