23B.01.420 - Notice -- Common address -- Address defined -- Shareholder consent.

Notice — Common address — Address defined — Shareholder consent.

(1) A corporation has provided notice or any other record to shareholders of record who share a common address if all of the following requirements are met:

     (a) The corporation delivers the notice or other record to the common address;

     (b) The corporation addresses the notice or other record to the shareholders who share that address either as a group or to each of the shareholders individually; and

     (c) Each shareholder consents in a record to delivery of a single copy of such a notice or other record to the shareholders' common address, and the corporation notifies each shareholder of the duration of that shareholder's consent, and explains the manner by which the shareholder can revoke the consent.

     (2) For purposes of this section, "address" means a street address, a post office box number, a facsimile telephone number, a common address, location, or system for electronic transmissions, or another similar destination to which records are delivered.

     (3) If a shareholder revokes consent to delivery of a single copy of any notice or other record to a common address, or notifies the corporation that the shareholder wishes to receive an individual copy of any notice or other record, the corporation shall begin sending individual copies to that shareholder within thirty days after the corporation receives the revocation of consent or notice.

     (4) Prior to the delivery of notice by electronic transmission to a common address, location, or system for electronic transmissions under this section, each shareholder consenting to receive notice under this section must also have consented to the receipt of notices by electronic transmission as provided in RCW 23B.01.410.

[2003 c 35 § 1.]