For a limited cooperative association to dispose of assets under RCW 23.100.1202:

1. (1) A majority of the board of directors, or a greater percentage if required by the organic rules, must approve the proposed disposition; and

2. (2) The board of directors must call a members meeting to consider the proposed disposition and, subject to RCW 23.100.0419, mail or otherwise transmit or deliver in a record to each member:

   1. (a) The terms of the proposed disposition;
   2. (b) A recommendation that the members approve the disposition, or if the board determines that because of conflict of interest or other special circumstances it should not make a favorable recommendation, the basis for that determination;
   3. (c) A statement of any condition of the board's submission of the proposed disposition to the members; and
   4. (d) Notice of the meeting at which the proposed disposition will be considered, which must be given in the same manner as notice of a special meeting of members.

[ 2019 c 37 s 1203.]