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23.100.0104 Purpose and duration of limited cooperative association.

WA Rev Code § 23.100.0104 (2019) (N/A)
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RCW 23.100.0104 Purpose and duration of limited cooperative association.

(1) A limited cooperative association is an entity distinct from its members.

(2) A limited cooperative association may be organized for any lawful purpose, regardless of whether for profit, except that a limited cooperative association may not be organized for the purpose of generating, purchasing, selling, marketing, transmitting, or distributing electric energy.

(3) Unless the articles of organization state a term for a limited cooperative association's existence, the association has perpetual duration.

[ 2019 c 37 § 104.]

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