Washington Code 23B.25.010 – Powers, rights, and obligations — Definition — Application of RCW 23B.03.010
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(1) Except as otherwise expressly stated in this chapter, the provisions of this title and all powers, rights, and obligations thereunder shall apply to social purpose corporations organized under this chapter, and references in this title to the term “corporation” shall be read to include social purpose corporations organized under this chapter.
Terms Used In Washington Code 23B.25.010
- 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.
(2) Subject to any limitations contained in the articles of incorporation, a social purpose corporation may engage in any lawful business under RCW 23B.03.010.
[ 2012 c 215 § 2.]