Wash. Const. art. XII, § 4
- Constitution
- Constitution of Washington
- Text as of
- October 2026
What does this section say?
LIABILITY OF STOCKHOLDERS. Each stockholder in all incorporated companies, except corporations organized for banking or insurance purposes, shall be liable for the debts of the corporation to the amount of his unpaid stock and no more; and one or more stockholders may be joined as parties defendant in suits to recover upon this liability.
The text is copied from the official source: leg.wa.gov. This is the stored text for research. It is not legal advice; check the official source before you rely on it.