RCW 23B.25.080
Instituting or maintaining proceedings—Shareholders only.
(1) No proceeding may be instituted or maintained in the right of any social purpose corporation under this title by any party other than a shareholder of the social purpose corporation.
(2) A person may not commence a proceeding in the right of a social purpose corporation unless the person was a shareholder of the corporation when the transaction complained of occurred or unless the person became a shareholder through transfer by operation of law from one who was a shareholder at that time.
(3) Any proceeding instituted or maintained in the right of a social purpose corporation must comply with the procedure set forth in RCW 23B.07.400.
[ 2012 c 215 § 9.]
Structure Revised Code of Washington
Title 23B - Washington Business Corporation Act
Chapter 23B.25 - Social Purpose Corporations.
23B.25.005 - Becoming or ceasing to be a social purpose corporation.
23B.25.010 - Powers, rights, and obligations—Definition—Application of RCW 23B.03.010.
23B.25.020 - General social purposes.
23B.25.030 - Specific social purposes.
23B.25.050 - Duties of director—Standards—Liabilities.
23B.25.060 - Duties of officer—Standards—Liabilities.
23B.25.070 - Shares—Represented by certificate—Not represented by certificate.
23B.25.080 - Instituting or maintaining proceedings—Shareholders only.
23B.25.090 - Amendment to articles of incorporation—Change to social purposes—Voting requirements.
23B.25.110 - Selling, leasing, exchanging, or disposing of property—Voting requirements.
23B.25.120 - Shareholder dissent—Payment of fair value, when.
23B.25.130 - Corporation converting to a social purpose corporation—Conditions—Election.
23B.25.140 - Corporation ceasing to be a social purpose corporation—Conditions—Election.
23B.25.150 - Social purpose report required—Timing—Information—Failure to comply.