Washington Code 24.03A.500 – Qualification of directors
Current as of: 2023 | Check for updates
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Terms Used In Washington Code 24.03A.500
- 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 director of a nonprofit corporation must be an individual. The articles or bylaws may prescribe other qualifications for directors. A director need not be a resident of this state or a member of the corporation unless the articles or bylaws so prescribe.
NOTES:
Effective date—2021 c 176: See note following RCW 24.03A.005.