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Washington Revised Code Title 23. Corporations and Associations (Profit) § 23.100.0414. Voting requirements for members

Current as of April 06, 2022 | Updated by FindLaw Staff

If a limited cooperative association has both patron and investor members, the following rules apply:

(1) The total voting power of all patron members may not be less than a majority of the entire voting power entitled to vote.

(2) Action on any matter is approved only upon the affirmative vote of at least a majority of:

(a) All members voting at the meeting unless more than a majority is required by RCW 23.100.0301 through 23.100.0307, 23.100.1001 through 23.100.1013, or 23.100.1201 through 23.100.1204 or the organic rules; and

(b) Votes cast by patron members unless the organic rules require a larger affirmative vote by patron members.

(3) The organic rules may provide for the percentage of the affirmative votes that must be cast by investor members to approve the matter.

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Cite this article: FindLaw.com - Washington Revised Code Title 23. Corporations and Associations (Profit) § 23.100.0414. Voting requirements for members - last updated April 06, 2022 | https://codes.findlaw.com/wa/title-23-corporations-and-associations-profit/wa-rev-code-23-100-0414/

Read this complete Washington Revised Code Title 23. Corporations and Associations (Profit) § 23.100.0414. Voting requirements for members on Westlaw. Westlaw subscription required.

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