RCW 23B.06.220
Liability of shareholders.
A purchaser from a corporation of its own shares is not liable to the corporation or its creditors with respect to the shares except to pay the consideration for which the shares were approved to be issued under RCW 23B.06.210 or specified in the subscription agreement under RCW 23B.06.200.
[ 2009 c 189 § 9; 1989 c 165 § 50.]
Structure Revised Code of Washington
Title 23B - Washington Business Corporation Act
Chapter 23B.06 - Shares and Distributions.
23B.06.010 - Authorized shares.
23B.06.020 - Terms of class or series.
23B.06.030 - Issued and outstanding shares.
23B.06.040 - Fractional shares.
23B.06.200 - Subscription for shares before incorporation.
23B.06.210 - Issuance of shares.
23B.06.220 - Liability of shareholders.
23B.06.260 - Shares without certificates.
23B.06.270 - Restriction on transfer of shares and other securities.
23B.06.280 - Expense of issue.
23B.06.300 - Shareholders' preemptive rights.