Washington § 23B.25.120 - Shareholder dissent — Payment of fair value, when.

Full text of Washington Revised Code of Washington § 23B.25.120 — Shareholder dissent — Payment of fair value, when., with citation guidance and answers to common questions.

§ 23B.25.120. Shareholder dissent — Payment of fair value, when.

In addition to the corporate actions set forth in RCW 23B.13.020(1), a shareholder is entitled to dissent from, and obtain payment of the fair value of the shareholder's shares in the event of, any of the following corporate actions:
(1) An election by a corporation to become a social purpose corporation, which has become effective, to which the corporation is a party if shareholder approval was required for the election by RCW 23B.25.130 or the articles of incorporation;
(2) An election to cease to be a social purpose corporation, which has become effective, to which the corporation is a party if shareholder approval was required for the election by RCW 23B.25.140 or the articles of incorporation, and the shareholder was entitled to vote on the election; and
(3) An amendment of the social purpose corporation's articles of incorporation that would materially change one or more of the social purposes of the corporation.
[ 2012 c 215 s 13.]

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

Related Washington Legal Topics

Frequently Asked Questions About Washington § 23B.25.120

What does Revised Code of Washington § 23B.25.120 cover?

Section 23B.25.120 ("Shareholder dissent — Payment of fair value, when.") 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.25.120?

A common citation format is "Revised Code of Washington § 23B.25.120" (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.25.120 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

Not legal advice. Verify against the official source and consult a licensed attorney in Washington.