Washington Code 24.03A.962 – Definitions
Current as of: 2023 | Check for updates
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This section and RCW 24.03A.964 and 24.03A.966 apply to, and the term “corporate action” in this section and RCW 24.03A.964 and 24.03A.966 means, any of the following actions:
Terms Used In Washington Code 24.03A.962
- 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.
(1) The election, appointment, designation, or other selection and the suspension, removal, or expulsion of members, delegates, directors, or officers of a nonprofit corporation;
(2) The taking of any action on any matter that:
(a) Is required under this chapter or any other provision of law to be submitted for approval of or adoption by the members, delegates, directors, or officers of a nonprofit corporation;
(b) Under the articles or bylaws may be submitted for approval of or adoption by the members, delegates, directors, or officers of a nonprofit corporation; or
(c) Is in fact approved or adopted by the members, delegates, directors, or officers of a nonprofit corporation.
NOTES:
Effective date—2021 c 176: See note following RCW 24.03A.005.