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30A.08.087 Authorized but unissued shares of capital stock—Issuance—Consideration.

WA Rev Code § 30A.08.087 (2019) (N/A)
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RCW 30A.08.087 Authorized but unissued shares of capital stock—Issuance—Consideration.

Any bank may provide in its articles of incorporation or amendments thereto for authorized but unissued shares of its capital stock. The shares may be issued for such consideration as shall be established by the board from time to time and all consideration received therefor shall be allocated to the capital stock or surplus of the corporation.

[ 2014 c 37 § 162; 1994 c 256 § 45; 1986 c 279 § 26; 1979 c 106 § 1; 1965 c 140 § 1. Formerly RCW 30.08.087.]

NOTES:

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

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30A.08.088 Authorized but unissued shares of capital stock—When shares become part of capital stock.