Form with which a corporation may alter the amount of outstanding shares issued by the corporation.
Change Share Rights In Washington
State:
Multi-State
Control #:
US-0034-CR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
The surviving spouse rights in Washington state depend on whether the couple created an estate plan. In Washington (and all community property states), spouses can create wills, trusts, and other legal documents to disperse their half of community property however they wish.
Under community property it is only in the absence of a will, and when there are no descendants in Washington,"' that the surviving spouse may inherit, as heir, the decedent's half of the community property.
The short answer is “Yes” unless the following applies: The Assets of the deceased are in a trust; or. The Assets of the deceased are held as joint tenants with the right of survivorship (property merely held as community property doesn't count as will be explained later); or.
Statutory Basis - Washington has adopted a shareholder oppression statute, RCW 23B. 14.300, that provides a cause of action. Standing - Minority shareholders must own at least 20% or more of the outstanding shares to sue for oppression.