Washington Code 24.03A.490 – Board of directors — Authority
Current as of: 2023 | Check for updates
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(1) A nonprofit corporation shall have a board of directors.
Terms Used In Washington Code 24.03A.490
- 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.
- Oversight: Committee review of the activities of a Federal agency or program.
(2) All corporate powers shall be exercised by or under the authority of the board of directors, and the activities and affairs of the corporation shall be managed by or under the direction, and subject to the oversight, of the board of directors, subject only to any powers expressly reserved to the corporation’s membership or other persons in the articles or bylaws.
NOTES:
Effective date—2021 c 176: See note following RCW 24.03A.005.