§ 42.23.010 Declaration of purpose
§ 42.23.020 Definitions
§ 42.23.030 Interest in contracts prohibited — Exceptions
§ 42.23.040 Remote interests
§ 42.23.050 Prohibited contracts void — Penalties for violation of chapter
§ 42.23.060 Local charter controls chapter
§ 42.23.070 Prohibited acts
§ 42.23.900 Construction — Chapter applicable to state registered domestic partnerships — 2009 c 521

Terms Used In Washington Code > Chapter 42.23 - Code of ethics for municipal officers -- Contract interests

  • 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.
  • 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
  • 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
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Statute: A law passed by a legislature.