18.100.110 - Sale or transfer of shares. - Washington Statutes

Sale or transfer of shares.

No shareholder of a corporation organized as a professional corporation may sell or transfer his or her shares in such corporation except to the trustee of a qualified trust or another individual who is eligible to be a shareholder of such corporation. Any transfer of shares in violation of this section shall be void. However, nothing in this section prohibits the transfer of shares of a professional corporation by operation of law or court decree.

[1997 c 18 § 4; 1983 c 51 § 5; 1969 c 122 § 11.]