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Wash. Rev. Code § 23.100.0805

Redemption or repurchase

Washington · Revised Code of Washington Chapter 23.100 — Limited Cooperative Associations · Status: effective

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Wash. Rev. Code § 23.100.0805, Redemption or repurchase, Washington, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1498048
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Property distributed to a member by a limited cooperative association, other than money, may be redeemed or repurchased as provided in the organic rules but a redemption or repurchase may not be made without authorization by the board of directors. The board may withhold authorization for any reason in its sole discretion. A redemption or repurchase is treated as a distribution for purposes of RCW 23.100.0806.