§ 23B.19.010 Legislative findings — Intent
§ 23B.19.020 Definitions
§ 23B.19.030 Transaction excluded from chapter — Inadvertent acquisition
§ 23B.19.040 Approval of significant business transaction required — Violation
§ 23B.19.050 Provisions of chapter additional to other requirements
§ 23B.19.900 Construction — Chapter applicable to state registered domestic partnerships — 2009 c 521

Terms Used In Washington Code > Chapter 23B.19 - Significant business transactions

  • 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.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Fiduciary: A trustee, executor, or administrator.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • 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
  • Personal property: All property that is not real property.
  • Quorum: The number of legislators that must be present to do business.
  • Statute: A law passed by a legislature.
  • Trustee: A person or institution holding and administering property in trust.