§ 23B.08.010 Requirement for and duties of board of directors
§ 23B.08.020 Qualifications of directors
§ 23B.08.030 Number and election of directors
§ 23B.08.040 Election of directors by certain classes or series of shares
§ 23B.08.050 Terms of directors — Generally
§ 23B.08.060 Staggered terms for directors
§ 23B.08.070 Resignation of directors
§ 23B.08.080 Removal of directors by shareholders
§ 23B.08.090 Removal of directors by judicial proceeding
§ 23B.08.100 Vacancy on board of directors
§ 23B.08.110 Compensation of directors
§ 23B.08.200 Regular or special meetings of the board
§ 23B.08.210 Corporate action without meeting
§ 23B.08.220 Notice of meeting
§ 23B.08.230 Waiver of notice
§ 23B.08.240 Quorum and voting
§ 23B.08.245 Corporate action — Vote of shareholders
§ 23B.08.250 Committees
§ 23B.08.300 General standards for directors
§ 23B.08.310 Liability for unlawful distributions
§ 23B.08.320 Limitation on liability of directors
§ 23B.08.400 Officers
§ 23B.08.410 Duties of officers
§ 23B.08.420 Standards of conduct for officers
§ 23B.08.430 Resignation and removal of officers
§ 23B.08.440 Contract rights of officers
§ 23B.08.500 Indemnification definitions
§ 23B.08.510 Authority to indemnify
§ 23B.08.520 Mandatory indemnification
§ 23B.08.530 Advance for expenses
§ 23B.08.540 Court-ordered indemnification
§ 23B.08.550 Determination and authorization of indemnification
§ 23B.08.560 Shareholder authorized indemnification and advancement of expenses
§ 23B.08.570 Indemnification of officers, employees, and agents
§ 23B.08.580 Insurance
§ 23B.08.590 Validity of indemnification or advance for expenses
§ 23B.08.600 Report to shareholders
§ 23B.08.603 Indemnification or advance for expenses — Later amendment or repeal of subject provision
§ 23B.08.700 Definitions
§ 23B.08.710 Judicial action
§ 23B.08.720 Directors’ action
§ 23B.08.730 Shareholders’ action
§ 23B.08.735 Pursuit of business opportunities — Duty to corporation
§ 23B.08.900 Construction — Chapter applicable to state registered domestic partnerships — 2009 c 521

Terms Used In Washington Code > Chapter 23B.08

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • 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.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Fiduciary: A trustee, executor, or administrator.
  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Nolo contendere: No contest-has the same effect as a plea of guilty, as far as the criminal sentence is concerned, but may not be considered as an admission of guilt for any other purpose.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • person: may be construed to include the United States, this state, or any state or territory, or any public or private corporation or limited liability company, as well as an individual. See Washington Code 1.16.080
  • Plea: In a criminal case, the defendant's statement pleading "guilty" or "not guilty" in answer to the charges, a declaration made in open court.
  • Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
  • Quorum: The number of legislators that must be present to do business.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Statute: A law passed by a legislature.
  • Trustee: A person or institution holding and administering property in trust.