Wash. Rev. Code § 30A.08.087

Current through 2024

Section 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.

RCW 30A.08.087

Amended by 2014 c 37,§ 162, eff. 1/5/2015.

Recodified from 30.08.087 by 2014 c 37,§ 4, eff. 1/5/2015.

1994 c 256 § 45; 1986 c 279 § 26; 1979 c 106 § 1; 1965 c 140 § 1.

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