Washington § 23.100.1204 - Member action on disposition of assets.

Full text of Washington Revised Code of Washington § 23.100.1204 — Member action on disposition of assets., with citation guidance and answers to common questions.

§ 23.100.1204. Member action on disposition of assets.

(1) Subject to subsection (2) of this section, a disposition of assets under RCW 23.100.1202 must be approved by:
(a) At least two-thirds of the voting power of members present at a members meeting called under RCW 23.100.1203(2); and
(b) If the limited cooperative association has investor members, at least a majority of the votes cast by patron members, unless the organic rules require a greater percentage vote by patron members.
(2) The organic rules may require that the percentage of votes under subsection (1)(a) of this section is:
(a) A different percentage that is not less than a majority of members voting at the meeting;
(b) Measured against the voting power of all members; or
(c) A combination of (a) and (b) of this subsection.
(3) Subject to any contractual obligations, after a disposition of assets is approved and at any time before the consummation of the disposition, a limited cooperative association may approve an amendment to the contract for disposition or the resolution authorizing the disposition or approve abandonment of the disposition:
(a) As provided in the contract or the resolution; and
(b) Except as prohibited by the resolution, with the same affirmative vote of the board of directors and of the members as was required to approve the disposition, except that approval of the members is not required to approve abandonment of the disposition.
(4) The voting requirements for districts, classes, or voting groups under RCW 23.100.0304 apply to approval of a disposition of assets under this section and RCW 23.100.1201 through 23.100.1203.
[ 2019 c 37 s 1204.]

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

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Frequently Asked Questions About Washington § 23.100.1204

What does Revised Code of Washington § 23.100.1204 cover?

Section 23.100.1204 ("Member action on disposition of assets.") 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 § 23.100.1204?

A common citation format is "Revised Code of Washington § 23.100.1204" (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.

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