Source: https://app.leg.wa.gov/RCW/default.aspx?cite=30A.08.090
Timestamp: 2019-08-19 16:56:59
Document Index: 545374633

Matched Legal Cases: ['§ 163', '§ 47', '§ 54', '§ 3', '§ 28', '§ 3', '§ 30', '§ 7', '§ 26', '§ 3233']

RCW 30A.08.090: Amendment of articles—Procedure.
RCWs > Title 30A > Chapter 30A.08 > Section 30A.08.090
30A.08.088 << 30A.08.090 >> 30A.08.092
RCW 30A.08.090
Amendment of articles—Procedure.
Unless the articles of incorporation provide otherwise, the board of directors of a bank may, by majority vote, amend the bank's articles of incorporation without shareholder action as follows:
(1) If the bank has only one class of shares outstanding, to provide, change, or eliminate any provision with respect to the par value of any class of shares;
(2) To delete the name and address of the initial directors;
(3) If the bank has only one class of shares outstanding, solely to change the number of authorized shares to effectuate a split of, or stock dividend in, the bank's own shares, or solely to do so and to change the number of authorized shares in proportion thereto;
(4) To change the bank's name; or
(5) To make any other change expressly permitted by this title to be made without shareholder action.
Other amendments to a bank's articles of incorporation, in a manner not inconsistent with the provisions of this title, require the affirmative vote of the stockholders representing two-thirds of each class of shares entitled to vote under the terms of the shares at a regular meeting, or special meeting duly called for that purpose in the manner prescribed by the bank's bylaws. No amendment shall be made whereby a bank becomes a trust company unless such bank first receives permission from the director.
[ 2014 c 37 § 163. Prior: 1994 c 256 § 47; 1994 c 92 § 54; 1987 c 420 § 3; 1986 c 279 § 28; 1965 c 140 § 3; 1955 c 33 § 30.08.090; prior: 1923 c 115 § 7; 1917 c 80 § 26; RRS § 3233. Formerly RCW 30.08.090.]