Winding up.

RCW 23.100.1006
in effect
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(1) A dissolved limited cooperative association shall wind up its activities and affairs, and except as provided in RCW 23.100.1007 , the association continues after dissolution only for the purpose of winding up. (2) In winding up its activities and affairs, the board of directors: (a) Shall discharge the association's debts, obligations, or other liabilities, settle and close the association's activities, and marshal and distribute the assets of the association; and (b) May: (i) Deliver to the secretary of state for filing a statement of dissolution stating the name of the association and that the association is dissolved; (ii) Preserve the association's activities, affairs, and property as a going concern for a reasonable time; (iii) Prosecute and defend actions and proceedings, whether civil, criminal, or administrative; (iv) Transfer the association's property; (v) Settle disputes by mediation or arbitration; (vi) Deliver to the secretary of state for filing a statement of termination stating the name of the company and that the company is terminated; and (vii) Perform other acts necessary or appropriate to the winding up. (3) After dissolution and upon application of a limited cooperative association, a member, or a holder of financial rights, a superior court may order judicial supervision of the winding up of the association, including the appointment of a person to wind up the association's activities, if: (a) After a reasonable time, the association has not wound up its activities; or (b) The applicant establishes other good cause. (4) If a person is appointed pursuant to subsection (3) of this section to wind up the activities of a limited cooperative association, the association shall promptly deliver to the secretary of state for filing an amendment to the articles of organization to reflect the appointment. (1) A dissolved limited cooperative association shall wind up its activities and affairs, and except as provided in RCW 23.100.1007 , the association continues after dissolution only for the purpose of winding up. (2) In winding up its activities and affairs, the board of directors: (a) Shall discharge the association's debts, obligations, or other liabilities, settle and close the association's activities, and marshal and distribute the assets of the association; and (b) May: (i) Deliver to the secretary of state for filing a statement of dissolution stating the name of the association and that the association is dissolved; (ii) Preserve the association's activities, affairs, and property as a going concern for a reasonable time; (iii) Prosecute and defend actions and proceedings, whether civil, criminal, or administrative; (iv) Transfer the association's property; (v) Settle disputes by mediation or arbitration; (vi) Deliver to the secretary of state for filing a statement of termination stating the name of the company and that the company is terminated; and (vii) Perform other acts necessary or appropriate to the winding up. (3) After dissolution and upon application of a limited cooperative association, a member, or a holder of financial rights, a superior court may order judicial supervision of the winding up of the association, including the appointment of a person to wind up the association's activities, if: (a) After a reasonable time, the association has not wound up its activities; or (b) The applicant establishes other good cause. (4) If a person is appointed pursuant to subsection (3) of this section to wind up the activities of a limited cooperative association, the association shall promptly deliver to the secretary of state for filing an amendment to the articles of organization to reflect the appointment.
Source: WA Statutes (Official Site)URL: https://app.leg.wa.gov/RCW/default.aspx?cite=23.100&full=trueFetched: 6/29/2026

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