Washington § 23B.13.230 - Duty to demand payment.

Full text of Washington Revised Code of Washington § 23B.13.230 — Duty to demand payment., with citation guidance and answers to common questions.

§ 23B.13.230. Duty to demand payment.

(1) A shareholder sent a notice described in RCW 23B.13.220 must demand payment, certify whether the shareholder acquired beneficial ownership of the shares before the date required to be set forth in the notice pursuant to RCW 23B.13.220(6)(c), and deposit the shareholder's certificates, all in accordance with the terms of the notice.
(2) The shareholder who demands payment and deposits the shareholder's share certificates under subsection (1) of this section retains all other rights of a shareholder until the proposed corporate action is effected.
(3) A shareholder who does not demand payment or deposit the shareholder's share certificates where required, each by the date set in the notice, is not entitled to payment for the shareholder's shares under this chapter.
[ 2022 c 42 s 117; 2013 c 97 s 3; 2002 c 297 s 39; 1989 c 165 s 146.]

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

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Frequently Asked Questions About Washington § 23B.13.230

What does Revised Code of Washington § 23B.13.230 cover?

Section 23B.13.230 ("Duty to demand payment.") 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.13.230?

A common citation format is "Revised Code of Washington § 23B.13.230" (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.13.230 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.

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