RCW 19.86.060
Acquisition of corporate stock by another corporation to lessen competition declared unlawful—Exceptions—Judicial order to divest.
It shall be unlawful for any corporation to acquire, directly or indirectly, the whole or any part of the stock or assets of another corporation where the effect of such acquisition may be to substantially lessen competition or tend to create a monopoly in any line of commerce.
This section shall not apply to corporations purchasing such stock solely for investment and not using the same by voting or otherwise to bring about, or in attempting to bring about, the substantial lessening of competition. Nor shall anything contained in this section prevent a corporation from causing the formation of subsidiary corporations for the actual carrying on of their immediate lawful business, or the natural and legitimate branches or extensions thereof, or from owning and holding all or a part of the stock of such subsidiary corporations, when the effect of such formation is not to substantially lessen competition.
In addition to any other remedy provided by this chapter, the superior court may order any corporation to divest itself of the stock or assets held contrary to this section, in the manner and within the time fixed by said order.
[ 1961 c 216 § 6.]
Structure Revised Code of Washington
Title 19 - Business Regulations—Miscellaneous
Chapter 19.86 - Unfair Business Practices—Consumer Protection.
19.86.020 - Unfair competition, practices, declared unlawful.
19.86.023 - Violation of RCW 15.86.030 constitutes violation of RCW 19.86.020.
19.86.030 - Contracts, combinations, conspiracies in restraint of trade declared unlawful.
19.86.040 - Monopolies and attempted monopolies declared unlawful.
19.86.070 - Labor not an article of commerce—Chapter not to affect mutual, nonprofit organizations.
19.86.080 - Attorney general may restrain prohibited acts—Costs—Restoration of property.
19.86.085 - Establishment of investigation unit—Receipt and use of criminal history information.
19.86.090 - Civil action for damages—Treble damages authorized—Action by governmental entities.
19.86.093 - Civil action—Unfair or deceptive act or practice—Claim elements.
19.86.095 - Request for injunctive relief—Appellate proceeding—Service on the attorney general.
19.86.115 - Materials from a federal agency or other state's attorney general.
19.86.120 - Limitation of actions—Tolling.
19.86.130 - Final judgment to restrain is prima facie evidence in civil action—Exceptions.
19.86.145 - Penalties—Animals used in biomedical research.
19.86.150 - Dissolution, forfeiture of corporate franchise for violations.
19.86.160 - Personal service of process outside state.
19.86.170 - Exempted actions or transactions—Stipulated penalties and remedies are exclusive.