Authorized but unissued shares of capital stock—When shares become part of capital stock.

1. Law
2. Revised Code of Washington
3. Washington Commercial Bank Act
4. Organization and Powers.
5. Authorized but unissued shares of capital stock—When shares become part of capital stock.

The authorized but unissued shares shall not become a part of the capital stock until they have been issued and paid for.

[ 1994 c 256 § 46; 1994 c 92 § 53; 1986 c 279 § 27; 1979 c 106 § 2; 1965 c 140 § 2. Formerly RCW 30.08.088.]

NOTES:

Reviser's note: This section was amended by 1994 c 92 § 53 and by 1994 c 256 § 46, each without reference to the other. Both amendments are incorporated in the publication of this section pursuant to RCW 1.12.025(2). For rule of construction, see RCW 1.12.025(1).

Findings—Construction—1994 c 256: See RCW 43.320.007.

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