Wash. Rev. Code § 24.03A.330

Current through Chapter 376 of the 2024 Regular Session
Section 24.03A.330 - Consideration for admission

Except as provided in its articles or bylaws, a membership corporation may admit members for no consideration or for consideration determined by the board, which may take any form, including promissory notes, intangible property, or past or future services. Payment of the consideration may be made at those times and upon those terms as are set forth in or authorized by the articles, bylaws, or a resolution of the board.

RCW 24.03A.330

Added by 2021 c 176,§ 2104, eff. 1/1/2022.

Effective date- 2021 c 176 : See note following RCW 24.03A.005.