Wash. Rev. Code » Title 23B · Chapter 23B.06
Revised Code of Washington

Wash. Rev. Code § 23B.06.030 (2026)

Issued and outstanding shares

✓ current as of May 2026
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(1) A corporation may issue the number of shares of each class or series authorized by the articles of incorporation. Shares that are issued are outstanding shares until they are reacquired, redeemed, converted, or canceled.
(2) The reacquisition, redemption, or conversion of outstanding shares is subject to the limitations of subsection (3) of this section and to RCW 23B.06.400.
(3) At all times that shares of the corporation are outstanding, one or more shares that together have unlimited voting rights and one or more shares that together are entitled to receive the net assets of the corporation upon dissolution must be outstanding.
[ 2020 c 194 s 14; 2002 c 297 s 17; 1989 c 165 s 46.]
Notes of Decisions
Cited in 2 cases, 2007–2007 · leading case: McCormick v. Dunn & Black, PS, 167 P.3d 610 (Wash. Ct. App. 2007).
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McCormick v. Dunn & Black, PS, 167 P.3d 610 (Wash. Ct. App. 2007). · cites it 9× “Relying on RCW 23B.06.030, McCormick asserts that a corporation cannot exist without outstanding stock.”
McCormick v. Dunn & Black, PS, 140 Wash. App. 873 (Wash. Ct. App. 2007). · cites it 9× “Relying on RCW 23B.06.030, McCormick asserts that a corporation cannot exist without outstanding stock.”
— Wash. Rev. Code § 23B.06.030(1) — 2 cases
McCormick v. Dunn & Black, PS, 167 P.3d 610 (Wash. Ct. App. 2007). “Relying on RCW 23B.06.030, McCormick asserts that a corporation cannot exist without outstanding stock.”
McCormick v. Dunn & Black, PS, 140 Wash. App. 873 (Wash. Ct. App. 2007). “Relying on RCW 23B.06.030, McCormick asserts that a corporation cannot exist without outstanding stock.”
— Wash. Rev. Code § 23B.06.030(3) — 2 cases
McCormick v. Dunn & Black, PS, 167 P.3d 610 (Wash. Ct. App. 2007). “Relying on RCW 23B.06.030, McCormick asserts that a corporation cannot exist without outstanding stock.”
McCormick v. Dunn & Black, PS, 140 Wash. App. 873 (Wash. Ct. App. 2007). “Relying on RCW 23B.06.030, McCormick asserts that a corporation cannot exist without outstanding stock.”
— Wash. Rev. Code § 23B.06.030(4) — 2 cases
McCormick v. Dunn & Black, PS, 167 P.3d 610 (Wash. Ct. App. 2007). “Relying on RCW 23B.06.030, McCormick asserts that a corporation cannot exist without outstanding stock.”
McCormick v. Dunn & Black, PS, 140 Wash. App. 873 (Wash. Ct. App. 2007). “Relying on RCW 23B.06.030, McCormick asserts that a corporation cannot exist without outstanding stock.”
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