RCW 23B.13.260
Failure to take corporate action.
(1) If the corporation does not effect the proposed corporate action within sixty days after the date set for demanding payment and depositing share certificates, the corporation shall return the deposited certificates and release any transfer restrictions imposed on uncertificated shares.
(2) If after returning deposited certificates and releasing transfer restrictions, the corporation wishes to effect the proposed corporate action, it must deliver a new dissenters' notice under RCW 23B.13.220 and repeat the payment demand procedure.
[ 2020 c 57 § 70; 2009 c 189 § 46; 1989 c 165 § 149.]
Structure Revised Code of Washington
Title 23B - Washington Business Corporation Act
Chapter 23B.13 - Dissenters' Rights.
23B.13.020 - Right to dissent.
23B.13.030 - Dissent by nominees and beneficial owners.
23B.13.200 - Notice of dissenters' rights.
23B.13.210 - Notice of intent to demand payment.
23B.13.220 - Dissenters' rights—Notice.
23B.13.230 - Duty to demand payment.
23B.13.240 - Share restrictions.
23B.13.260 - Failure to take corporate action.
23B.13.270 - After-acquired shares.
23B.13.280 - Procedure if shareholder dissatisfied with payment or offer.