Washington § 23B.08.060 - Staggered terms for directors.

Full text of Washington Revised Code of Washington § 23B.08.060 — Staggered terms for directors., with citation guidance and answers to common questions.

§ 23B.08.060. Staggered terms for directors.

(1) The articles of incorporation may provide for staggering the terms of directors by dividing the total number of directors into two or three groups, with each group containing one-half or one-third of the total, as near as may be. In that event, the terms of directors in the first group expire at the first annual shareholders' meeting after their election, the terms of the second group expire at the second annual shareholders' meeting after their election, and the terms of the third group, if any, expire at the third annual shareholders' meeting after their election. At each annual shareholders' meeting held thereafter, directors shall be chosen for a term of two years or three years, as the case may be, to succeed those whose terms expire.
(2) If cumulative voting is authorized, any provision establishing staggered terms of directors shall provide that at least three directors shall be elected at each annual shareholders' meeting.
[ 1989 c 165 s 85.]

Frequently Asked Questions About Washington § 23B.08.060

What does Revised Code of Washington § 23B.08.060 cover?

Section 23B.08.060 ("Staggered terms for directors.") 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.08.060?

A common citation format is "Revised Code of Washington § 23B.08.060" (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.08.060 apply to my situation?

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Sources & Verification

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