Washington Statutes

Title 23B - Washington business corporation act

Chapter 23B.01 - General provisions.
- 23B.01.010 - Short title.
- 23B.01.020 - Reservation of power to amend or repeal.
- 23B.01.200 - Filing requirements.
- 23B.01.202 - Certificate of authority as insurance company -- Filing of records.
- 23B.01.204 - Certificate of authority from department of financial institutions -- Filing of records.
- 23B.01.210 - Forms.
- 23B.01.220 - Fees.
- 23B.01.230 - Effective time and date of record.
- 23B.01.240 - Correcting filed records.
- 23B.01.250 - Filing duty of secretary of state.
- 23B.01.260 - Judicial review of secretary of state's refusal to file a record.
- 23B.01.270 - Evidentiary effect of copy of filed record.
- 23B.01.280 - Certificate of existence or authorization.
- 23B.01.290 - Penalty for signing false document.
- 23B.01.300 - Powers.
- 23B.01.400 - Definitions.
- 23B.01.410 - Notice.
- 23B.01.420 - Notice -- Common address -- Address defined -- Shareholder consent.
- 23B.01.500 - Domestic corporations -- Notice of due date for payment of annual license fee and filing annual report.
- 23B.01.510 - Foreign corporations -- Notice of due date for payment of annual license fee and filing annual report.
- 23B.01.520 - Domestic corporations -- Filing and initial license fees.
- 23B.01.530 - Domestic corporations -- Inactive corporation defined -- Annual license fee.
- 23B.01.540 - Foreign corporations -- Filing and license fees on qualification.
- 23B.01.550 - Foreign corporations -- Annual license fees.
- 23B.01.560 - License fees for reinstated corporation.
- 23B.01.570 - Penalty for nonpayment of annual corporate license fees and failure to file a substantially complete annual report -- Payment of delinquent fees -- Rules.
- 23B.01.580 - Waiver of penalty fees.
- 23B.01.590 - Public service companies entitled to deductions.
Chapter 23B.02 - Incorporation.
- 23B.02.010 - Incorporators.
- 23B.02.020 - Articles of incorporation.
- 23B.02.030 - Effect of filing.
- 23B.02.032 - Certificate of authority as insurance company -- Filing of records.
- 23B.02.040 - Liability for preincorporation transactions.
- 23B.02.050 - Organization of corporation.
- 23B.02.060 - Bylaws.
- 23B.02.070 - Emergency bylaws.
Chapter 23B.03 - Powers and purposes.
- 23B.03.010 - Purposes.
- 23B.03.020 - General powers.
- 23B.03.030 - Emergency powers.
- 23B.03.040 - Ultra vires.
Chapter 23B.04 - Name.
- 23B.04.010 - Corporate name.
- 23B.04.020 - Reserved name.
- 23B.04.030 - Registered name.
- 23B.04.035 - Certificate of authority as insurance company -- Filing of records.
- 23B.04.037 - Certificate of authority as insurance company -- Registration or reservation of name.
Chapter 23B.05 - Office and agent.
- 23B.05.010 - Registered office and registered agent.
- 23B.05.020 - Change of registered office or registered agent.
- 23B.05.030 - Resignation of registered agent.
- 23B.05.040 - Service on corporation.
- 23B.05.050 - Annual meeting of shareholders -- Limitations -- Terms of directors.
Chapter 23B.06 - Shares and distributions.
- 23B.06.010 - Authorized shares.
- 23B.06.020 - Terms of class or series.
- 23B.06.030 - Issued and outstanding shares.
- 23B.06.040 - Fractional shares.
- 23B.06.200 - Subscription for shares before incorporation.
- 23B.06.210 - Issuance of shares.
- 23B.06.220 - Liability of shareholders.
- 23B.06.230 - Share dividends.
- 23B.06.240 - Share options.
- 23B.06.250 - Certificates.
- 23B.06.260 - Shares without certificates.
- 23B.06.270 - Restriction on transfer of shares and other securities.
- 23B.06.280 - Expense of issue.
- 23B.06.300 - Shareholders' preemptive rights.
- 23B.06.310 - Corporation's acquisition of its own shares.
- 23B.06.400 - Distributions to shareholders.
Chapter 23B.07 - Shareholders.
- 23B.07.010 - Annual meeting.
- 23B.07.020 - Special meeting.
- 23B.07.030 - Court-ordered meeting.
- 23B.07.035 - Inspectors to act at meetings -- Appointment -- Duties -- Certain corporations.
- 23B.07.040 - Corporate action without meeting.
- 23B.07.050 - Notice of meeting.
- 23B.07.060 - Waiver of notice.
- 23B.07.070 - Record date.
- 23B.07.080 - Shareholder participation by means of communication equipment.
- 23B.07.200 - Shareholders' list for meeting.
- 23B.07.210 - Voting entitlement of shares.
- 23B.07.220 - Proxies.
- 23B.07.230 - Shares held by nominees.
- 23B.07.240 - Corporation's acceptance of votes.
- 23B.07.250 - Quorum and voting requirements.
- 23B.07.260 - Corporate action by single and multiple voting groups.
- 23B.07.270 - Greater or lesser quorum or voting requirements.
- 23B.07.280 - Voting for directors -- Cumulative voting.
- 23B.07.300 - Voting trusts.
- 23B.07.310 - Voting agreements.
- 23B.07.320 - Agreements among shareholders -- Acquisition of shares after agreement.
- 23B.07.400 - Derivative proceedings procedure.
Chapter 23B.08 - Directors and officers.
- 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.08.250 - 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.08.700 - Definitions.
- 23B.08.710 - Judicial action.
- 23B.08.720 - Directors' action.
- 23B.08.730 - Shareholders' action.
- 23B.08.900 - Construction -- Chapter applicable to state registered domestic partnerships -- 2009 c 521.
Chapter 23B.09 - [Reserved.]
Chapter 23B.10 - Amendment of articles of incorporation and bylaws.
- 23B.10.010 - Authority to amend articles of incorporation.
- 23B.10.012 - Certificate of authority as insurance company -- Filing of records.
- 23B.10.020 - Amendment of articles of incorporation by board of directors.
- 23B.10.030 - Amendment of articles of incorporation by board of directors and shareholders.
- 23B.10.040 - Voting on amendments to articles of incorporation by voting groups.
- 23B.10.050 - Amendment of articles of incorporation before issuance of shares.
- 23B.10.060 - Articles of amendment.
- 23B.10.070 - Restated articles of incorporation.
- 23B.10.080 - Amendment of articles of incorporation pursuant to reorganization.
- 23B.10.090 - Effect of amendment of articles of incorporation.
- 23B.10.200 - Amendment of bylaws by board of directors or shareholders.
- 23B.10.205 - Amendment of bylaws -- Election of directors.
- 23B.10.210 - Bylaw increasing quorum or voting requirements for directors.
Chapter 23B.11 - Merger and share exchange.
- 23B.11.010 - Merger.
- 23B.11.020 - Share exchange.
- 23B.11.030 - Approval of plan of merger or share exchange.
- 23B.11.035 - Plan of merger or share exchange -- Separate voting group.
- 23B.11.040 - Merger of subsidiary.
- 23B.11.050 - Articles of merger or share exchange.
- 23B.11.060 - Effect of merger or share exchange.
- 23B.11.070 - Merger or share exchange with foreign corporation.
- 23B.11.080 - Merger.
- 23B.11.090 - Articles of merger.
- 23B.11.100 - Merger -- Corporation is surviving entity.
- 23B.11.110 - Merger with foreign and domestic entities -- Effect.
Chapter 23B.12 - Sale of assets.
- 23B.12.010 - Sale of assets in usual course of business or for benefit of creditors.
- 23B.12.020 - Sale of assets other than in the regular course of business.
Chapter 23B.13 - Dissenters' rights.
- 23B.13.010 - Definitions.
- 23B.13.020 - Right to dissent.
- 23B.13.030 - Dissent by nominees and beneficial owners.
- 23B.13.200 - Notice of dissenters' rights.
- 23B.13.210 - Notice of intent to demand payment.
- 23B.13.220 - Dissenters' rights -- Notice.
- 23B.13.230 - Duty to demand payment.
- 23B.13.240 - Share restrictions.
- 23B.13.250 - Payment.
- 23B.13.260 - Failure to take corporate action.
- 23B.13.270 - After-acquired shares.
- 23B.13.280 - Procedure if shareholder dissatisfied with payment or offer.
- 23B.13.300 - Court action.
- 23B.13.310 - Court costs and counsel fees.
Chapter 23B.14 - Dissolution.
- 23B.14.010 - Dissolution by initial directors, incorporators, or board of directors.
- 23B.14.020 - Dissolution by board of directors and shareholders.
- 23B.14.030 - Articles of dissolution -- Publication of notice.
- 23B.14.040 - Revocation of dissolution.
- 23B.14.050 - Effect of dissolution.
- 23B.14.060 - Known claims against a dissolved corporation.
- 23B.14.065 - Form and adequacy of satisfaction of claims -- Application to and determination by court.
- 23B.14.070 - Holder of an unpaid claim -- Proceeding against dissolved corporation to collect amount of claim.
- 23B.14.200 - Administrative dissolution -- Grounds.
- 23B.14.203 - Administrative dissolution or revocation of a certificate of authority -- Corporation name not distinguishable from name of governmental entity -- Application by governmental entity.
- 23B.14.210 - Administrative dissolution -- Procedure and effect.
- 23B.14.220 - Reinstatement following administrative dissolution -- Application.
- 23B.14.300 - Judicial dissolution -- Grounds.
- 23B.14.310 - Judicial dissolution or supervision of voluntary dissolution -- Procedure.
- 23B.14.320 - General or custodial receivership.
- 23B.14.330 - Decree of dissolution -- Other orders, decrees, and injunctions -- Revenue clearance certificate.
- 23B.14.340 - Survival of remedy after dissolution.
- 23B.14.390 - Secretary of state -- List of corporations dissolved.
- 23B.14.392 - Certificate of authority as insurance company -- Filing of records.
- 23B.14.394 - Certificate of authority from department of financial institutions -- Filing of records.
- 23B.14.400 - Deposit with state treasurer.
Chapter 23B.15 - Foreign corporations.
- 23B.15.010 - Authority to transact business required.
- 23B.15.015 - Foreign degree-granting institution branch campus -- Acts not deemed transacting business in state.
- 23B.15.020 - Consequences of transacting business without authority.
- 23B.15.030 - Application for certificate of authority.
- 23B.15.032 - Certificate of authority as insurance company -- Filing of records.
- 23B.15.040 - Amended certificate of authority.
- 23B.15.050 - Effect of certificate of authority.
- 23B.15.060 - Corporate name of foreign corporation.
- 23B.15.070 - Registered office and registered agent of foreign corporation.
- 23B.15.080 - Change of registered office or registered agent of foreign corporation.
- 23B.15.090 - Resignation of registered agent of foreign corporation.
- 23B.15.100 - Service on foreign corporation.
- 23B.15.200 - Withdrawal of foreign corporation.
- 23B.15.300 - Revocation -- Grounds.
- 23B.15.310 - Revocation -- Procedure and effect.
Chapter 23B.16 - Records and reports.
- 23B.16.010 - Corporate records.
- 23B.16.020 - Inspection of records by shareholders.
- 23B.16.030 - Scope of inspection right.
- 23B.16.040 - Court-ordered inspection.
- 23B.16.200 - Financial statements for shareholders.
- 23B.16.220 - Initial and annual reports for secretary of state.
Chapter 23B.17 - Miscellaneous provisions.
- 23B.17.010 - Application to existing corporations.
- 23B.17.030 - Limitation on liability of directors -- Indemnification.
Chapter 23B.18 - Nonadmitted organizations.
- 23B.18.010 - Ownership and enforcement of notes secured by real estate mortgages.
- 23B.18.020 - Mortgage foreclosure.
- 23B.18.030 - Transacting business.
- 23B.18.040 - Service of process.
- 23B.18.050 - Service of process -- Procedure.
- 23B.18.060 - Venue.
Chapter 23B.19 - Significant business transactions.
- 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.
Chapter 23B.900 - Construction.
- 23B.900.010 - Savings provisions -- 1989 c 165.
- 23B.900.020 - Severability -- 1989 c 165.
- 23B.900.030 - Repealer -- 1989 c 165.
- 23B.900.040 - Effective date -- 1989 c 165.
- 23B.900.050 - Section headings -- 1989 c 165.
Chapter -1 - Notes