Washington § 23B.13.260 - Failure to take corporate action.

Full text of Washington Revised Code of Washington § 23B.13.260 — Failure to take corporate action., with citation guidance and answers to common questions.

§ 23B.13.260. Failure to take corporate action.

(1) If the corporation does not effect the proposed corporate action within sixty days after the date set for demanding payment and depositing share certificates, the corporation shall return the deposited certificates and release any transfer restrictions imposed on uncertificated shares.
(2) If after returning deposited certificates and releasing transfer restrictions, the corporation wishes to effect the proposed corporate action, it must deliver a new dissenters' notice under RCW 23B.13.220 and repeat the payment demand procedure.
[ 2020 c 57 s 70; 2009 c 189 s 46; 1989 c 165 s 149.]

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

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Frequently Asked Questions About Washington § 23B.13.260

What does Revised Code of Washington § 23B.13.260 cover?

Section 23B.13.260 ("Failure to take corporate action.") 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.13.260?

A common citation format is "Revised Code of Washington § 23B.13.260" (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.13.260 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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