Washington § 23B.06.310 - Corporation's acquisition of its own shares.

Full text of Washington Revised Code of Washington § 23B.06.310 — Corporation's acquisition of its own shares., with citation guidance and answers to common questions.

§ 23B.06.310. Corporation's acquisition of its own shares.

(1) A corporation may acquire its own shares and shares so acquired constitute authorized but unissued shares.
(2) If the articles of incorporation prohibit the reissue of acquired shares, the number of authorized shares is reduced by the number of shares acquired, effective upon amendment of the articles of incorporation.
(3) The board of directors may adopt articles of amendment under this section without shareholder approval and deliver them to the secretary of state for filing. The articles must set forth:
(a) The name of the corporation;
(b) The reduction in the number of authorized shares, itemized by class and series; and
(c) The total number of authorized shares, itemized by class and series, remaining after reduction of the shares.
[ 2009 c 189 s 11; 1989 c 165 s 58.]

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

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Frequently Asked Questions About Washington § 23B.06.310

What does Revised Code of Washington § 23B.06.310 cover?

Section 23B.06.310 ("Corporation's acquisition of its own 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.06.310?

A common citation format is "Revised Code of Washington § 23B.06.310" (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.06.310 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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