Washington § 23B.14.010 - Dissolution by initial directors, incorporators, or board of directors.

Full text of Washington Revised Code of Washington § 23B.14.010 — Dissolution by initial directors, incorporators, or board of directors., with citation guidance and answers to common questions.

§ 23B.14.010. Dissolution by initial directors, incorporators, or board of directors.

(1) A majority of the initial directors, or, if initial directors were not named in the articles of incorporation and have not been elected, a majority of the incorporators, of a corporation that has not issued shares may approve dissolution of the corporation.
(2) Unless prohibited by the articles of incorporation, a majority of the board of directors may approve dissolution of the corporation without approval by the shareholders, upon a finding by the board of directors that:
(a) The corporation is not able to pay its liabilities as they become due in the usual course of business, or the corporation's assets are less than the sum of its total liabilities; and
(b) Ten or more days have elapsed since the corporation gave notice to all shareholders, whether or not they would otherwise be entitled to vote under RCW 23B.14.020, of the intent of the board of directors to approve dissolution under this subsection.
[ 2009 c 189 s 49; 2006 c 52 s 5; 1989 c 165 s 154.]

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

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Frequently Asked Questions About Washington § 23B.14.010

What does Revised Code of Washington § 23B.14.010 cover?

Section 23B.14.010 ("Dissolution by initial directors, incorporators, or board of 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.

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A common citation format is "Revised Code of Washington § 23B.14.010" (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.14.010 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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