23.78.020 - Election by corporation to be governed as an employee cooperative -- Laws governing.

Election by corporation to be governed as an employee cooperative — Laws governing.

Any corporation organized under the laws of this state may elect to be governed as an employee cooperative under the provisions of this chapter, by so stating in its articles of incorporation, or articles of amendment filed in accordance with Title 23B RCW.

     A corporation so electing shall be governed by all provisions of Title 23B RCW, except RCW 23B.07.050, 23B.13.020, and chapter 23B.11 RCW, and except as otherwise provided in this chapter.

[1991 c 72 § 9; 1987 c 457 § 3.]