Wash. Rev. Code § 24.03A.895

Current through 2024

Section 24.03A.895 - Effect of dispositions

Unless a domestic entity that is a party to a disposition of assets obtains an appropriate order of the court or approval from the attorney general under the law of this state, a disposition of assets under RCW 24.03A.885 through 24.03A.902 may not affect:

(1) Any restriction imposed upon the entity by its organic documents or other governing authority that may not be amended by its directors, members, or interest holders; or

(2) The existing rights of persons other than members, shareholders, or interest holders of the entity.

RCW 24.03A.895

Added by 2021 c 176,§ 3403, eff. 1/1/2022.

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