| Passed by the Senate March 19, 2003 YEAS 49 ________________________________________ President of the Senate Passed by the House April 14, 2003 YEAS 93 ________________________________________ Speaker of the House of Representatives | I, Milton H. Doumit, Jr., Secretary of the Senate of the State of Washington, do hereby certify that the attached is SENATE BILL 5726 as passed by the Senate and the House of Representatives on the dates hereon set forth. ________________________________________ Secretary | |
| Approved ________________________________________ Governor of the State of Washington | Secretary of State State of Washington |
| State of Washington | 58th Legislature | 2003 Regular Session |
Read first time 02/07/2003. Referred to Committee on Commerce & Trade.
AN ACT Relating to eligibility to be a director of a cooperative association; and amending RCW 23.86.080.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1 RCW 23.86.080 and 1989 c 307 s 10 are each amended to read
as follows:
(1) Associations shall be managed by a board of not less than three
directors (which may be referred to as "trustees"). The directors
shall be elected by ((and from)) the members of the association at such
time, in such manner, and for such term of office as the bylaws may
prescribe, and shall hold office during the term for which they were
elected and until their successors are elected and qualified.
(2) Except as provided in RCW 23.86.087, any vacancy occurring in
the board of directors, and any directorship to be filled by reason of
an increase in the number of directors, may be filled by the board of
directors unless the articles of incorporation or the bylaws provide
that a vacancy or directorship so created shall be filled in some other
manner. A director elected or appointed to fill a vacancy shall be
elected or appointed for the unexpired term of the predecessor in
office.