Washington § 23B.06.030 - Issued and outstanding shares.

Full text of Washington Revised Code of Washington § 23B.06.030 — Issued and outstanding shares., with citation guidance and answers to common questions.

§ 23B.06.030. Issued and outstanding shares.

(1) A corporation may issue the number of shares of each class or series authorized by the articles of incorporation. Shares that are issued are outstanding shares until they are reacquired, redeemed, converted, or canceled.
(2) The reacquisition, redemption, or conversion of outstanding shares is subject to the limitations of subsection (3) of this section and to RCW 23B.06.400.
(3) At all times that shares of the corporation are outstanding, one or more shares that together have unlimited voting rights and one or more shares that together are entitled to receive the net assets of the corporation upon dissolution must be outstanding.
[ 2020 c 194 s 14; 2002 c 297 s 17; 1989 c 165 s 46.]

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 23B.06.030

What does Revised Code of Washington § 23B.06.030 cover?

Section 23B.06.030 ("Issued and outstanding shares.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 23B.06.030?

A common citation format is "Revised Code of Washington § 23B.06.030" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 23B.06.030 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

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