{"data":{"id":"us-wa/rcw-30a.08.090","jurisdiction":"us-wa","citation":"RCW 30A.08.090","heading":"Amendment of articles—Procedure.","body":"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:\n(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;\n(2) To delete the name and address of the initial directors;\n(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;\n(4) To change the bank's name; or\n(5) To make any other change expressly permitted by this title to be made without shareholder action.\nOther 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.","path":["Title 30A","Chapter 30A.08"],"source_url":"https://app.leg.wa.gov/rcw/default.aspx?cite=30A.08.090","current_through":"July 15, 2026","vintage":"","retrieved_at":"2026-09-06T02:00:24Z","sha256":"af7cc611a189397f6bd390a44e7f5476d040ddf6ecc6551971a89656e70ed545","source_id":"us-wa","stale":false,"prev":"us-wa/rcw-30a.08.088","next":"us-wa/rcw-30a.08.092"},"notice":"GroundRules: Original legal text. Not legal advice."}