RCW 32.32.165: Stock option plan permitted

RCWs > Title 32 > Chapter 32.32 > Section 32.32.165

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32.32.160 << 32.32.165 >> 32.32.170

PDFRCW 32.32.165

Stock option plan permitted—Reserved shares.

A stock option plan may be adopted by the board of directors at the meeting at which the plan of conversion is voted upon. The number of shares reserved for the stock option plans should be limited to ten percent of the number of shares sold in the conversion.

[ 1981 c 85 § 32.]