RCW 23.78.020
Election by corporation to be governed as an employee cooperative—Laws governing.
Any corporation organized under the laws of this state may elect to be governed as an employee cooperative under the provisions of this chapter, by so stating in its articles of incorporation, or articles of amendment filed in accordance with Title 23B RCW and Article 2 of chapter 23.95 RCW.
A corporation so electing shall be governed by all provisions of Title 23B RCW, except RCW 23B.07.050, 23B.13.020, and chapter 23B.11 RCW, and except as otherwise provided in this chapter.
[ 2015 c 176 § 9101; 1991 c 72 § 9; 1987 c 457 § 3.]
NOTES:
Effective date—Contingent effective date—2015 c 176: See note following RCW 23.95.100.
Structure Revised Code of Washington
Title 23 - Corporations and Associations (Profit) (Business Corporation Act: See Title 23b Rcw)
Chapter 23.78 - Employee Cooperative Corporations.
23.78.020 - Election by corporation to be governed as an employee cooperative—Laws governing.
23.78.030 - Revocation of election.
23.78.050 - Members—Membership shares.
23.78.060 - Right to vote—Power to amend or repeal bylaws—Right to amend articles of incorporation.
23.78.070 - Net earnings or losses—Apportionment, distribution, and payment.
23.78.090 - Internal capital account cooperatives.
23.78.100 - Provision for conversion of shares and accounts—Limitations upon merger.