Washington Code 23B.25.005 – Becoming or ceasing to be a social purpose corporation
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(1) Any corporation may elect to be governed as a social purpose corporation by one of the following means:
Terms Used In Washington Code 23B.25.005
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(a) One or more persons may act as incorporator or incorporators of a social purpose corporation by delivering articles of incorporation that conform to the requirements of this chapter to the secretary of state for filing; or
(b) Any corporation which is not a social purpose corporation may elect to become a social purpose corporation by complying with RCW 23B.25.130.
(2) Any social purpose corporation may elect to cease to be governed as a social purpose corporation by complying with RCW 23B.25.140.
[ 2012 c 215 § 1.]