RCW 24.24.040
Membership certificates.
If the corporation shall not be a joint stock company, then it may provide by its bylaws for issuing to the several bodies represented in its membership certificates of participation, which shall evidence the respective equitable interests of such bodies in the properties held by such corporation.
[ 1927 c 190 § 4; RRS § 3887-4.]
Structure Revised Code of Washington
Title 24 - Corporations and Associations (Nonprofit)
Chapter 24.24 - Building Corporations Composed of Fraternal Society Members.
24.24.010 - Who may incorporate—Filing fee.
24.24.015 - Fees for services by secretary of state.
24.24.020 - Articles—Contents.
24.24.040 - Membership certificates.
24.24.060 - Membership—Trustees—Elections.
24.24.070 - Control of business—Officers.
24.24.080 - Right of corporations under the statutes.
24.24.090 - Certificates of capital stock.
24.24.110 - Exemption from ordinary corporate taxes.
24.24.120 - Indemnification of agents of any corporation authorized.