Revised Code of Washington
Chapter 24.03A - Washington Nonprofit Corporation Act.
24.03A.895 - Effect of dispositions.

RCW 24.03A.895
Effect of dispositions.

Unless a domestic entity that is a party to a disposition of assets obtains an appropriate order of the court or approval from the attorney general under the law of this state, a disposition of assets under RCW 24.03A.885 through 24.03A.902 may not affect:
(1) Any restriction imposed upon the entity by its organic documents or other governing authority that may not be amended by its directors, members, or interest holders; or
(2) The existing rights of persons other than members, shareholders, or interest holders of the entity.

[ 2021 c 176 § 3403.]
NOTES:

Effective date—2021 c 176: See note following RCW 24.03A.005.

Structure Revised Code of Washington

Revised Code of Washington

Title 24 - Corporations and Associations (Nonprofit)

Chapter 24.03A - Washington Nonprofit Corporation Act.

24.03A.005 - Short title.

24.03A.010 - Definitions.

24.03A.015 - Notice.

24.03A.020 - Service on corporations.

24.03A.025 - Venue for actions.

24.03A.030 - Application to existing nonprofit corporations.

24.03A.035 - Application to registered foreign nonprofit corporations.

24.03A.040 - Relationship to prior statutes.

24.03A.045 - Relationship to other laws.

24.03A.050 - Subordination to canon law.

24.03A.055 - Applicability of uniform business organizations code.

24.03A.060 - Filing requirements.

24.03A.065 - Electronic filings.

24.03A.070 - Annual report.

24.03A.075 - Major changes by charitable corporations.

24.03A.080 - Powers of secretary of state.

24.03A.085 - Fees.

24.03A.090 - Incorporators.

24.03A.095 - Corporate name.

24.03A.100 - Articles of incorporation.

24.03A.105 - Effectiveness of incorporation.

24.03A.110 - Requirement of registered agent.

24.03A.115 - Liability for preincorporation transactions.

24.03A.120 - Organization of corporations.

24.03A.125 - Bylaws.

24.03A.130 - Purposes.

24.03A.135 - Power to modify purposes.

24.03A.140 - General powers.

24.03A.145 - Emergency powers.

24.03A.150 - Ultra vires action.

24.03A.155 - Distributions prohibited.

24.03A.160 - Reasonable compensation permitted.

24.03A.165 - Property held for charitable purposes.

24.03A.170 - Debt and security interests.

24.03A.175 - Private foundations.

24.03A.180 - Unrestricted gifts.

24.03A.185 - Restricted gifts.

24.03A.190 - Modification or release of gift restrictions.

24.03A.195 - Binding agreement to modify or release restrictions.

24.03A.200 - Judicial modification or release of restrictions.

24.03A.205 - Charitable purpose survives.

24.03A.210 - Corporate records.

24.03A.215 - Inspection by members.

24.03A.220 - Scope of member's inspection right.

24.03A.225 - Financial statements for members.

24.03A.230 - Court-ordered inspection.

24.03A.235 - Inspection by directors.

24.03A.240 - Use of membership list.

24.03A.245 - Public benefit designation.

24.03A.250 - Application and renewal.

24.03A.255 - Removal of status.

24.03A.260 - Registration to do business.

24.03A.265 - Effect of registration.

24.03A.270 - Name of foreign nonprofit corporation.

24.03A.275 - Registered agent of foreign nonprofit corporation.

24.03A.280 - Service on foreign nonprofit corporation.

24.03A.285 - Withdrawal of registration.

24.03A.290 - Withdrawal upon conversion or dissolution.

24.03A.295 - Amendment to registration upon conversion.

24.03A.300 - Transfer of registration.

24.03A.305 - Termination of registration.

24.03A.310 - Judicial review of termination.

24.03A.315 - Members.

24.03A.320 - Scope of membership.

24.03A.325 - Admission of members.

24.03A.330 - Consideration for admission.

24.03A.335 - Capital contributions.

24.03A.340 - Rights and obligations.

24.03A.345 - Differences in rights and obligations.

24.03A.350 - Transfers of membership.

24.03A.355 - Member's liability for corporate obligations.

24.03A.360 - Member's liability for dues, fees, and assessments.

24.03A.365 - Creditor's action against member.

24.03A.370 - Resignation of member.

24.03A.375 - Termination and suspension of membership.

24.03A.380 - Repurchase of memberships.

24.03A.385 - Delegates.

24.03A.390 - Annual and regular meetings.

24.03A.395 - Special meetings.

24.03A.400 - Court-ordered meeting.

24.03A.405 - List of members for meeting.

24.03A.410 - Notice of membership meeting.

24.03A.415 - Waiver of notice.

24.03A.420 - Record date.

24.03A.425 - Conduct of meeting.

24.03A.430 - Proxies.

24.03A.435 - Voting entitlement of members.

24.03A.440 - Membership quorum and voting requirements.

24.03A.445 - Differing quorum and voting requirements.

24.03A.450 - Voting for directors.

24.03A.455 - Acceptance of ballots, consents, waivers, or proxies.

24.03A.460 - Inspectors of election.

24.03A.465 - Action by voting groups.

24.03A.470 - Voting agreements.

24.03A.475 - Action without meeting by unanimous written consent.

24.03A.480 - Action without meeting by ballot.

24.03A.485 - Procedure for remote meetings.

24.03A.490 - Board of directors—Authority.

24.03A.495 - Standards of conduct for directors.

24.03A.500 - Qualification of directors.

24.03A.505 - Number of directors.

24.03A.510 - Selection of directors.

24.03A.515 - Terms of directors, generally.

24.03A.520 - Staggered terms for directors.

24.03A.525 - Resignation of director.

24.03A.530 - Removal of directors.

24.03A.535 - Vacancy on board of directors.

24.03A.540 - Liability of directors.

24.03A.545 - Compensation of directors.

24.03A.550 - Meetings of the board.

24.03A.555 - Notice of board meetings.

24.03A.560 - Waiver of notice.

24.03A.565 - Board quorum and voting requirements.

24.03A.570 - Action without meeting by unanimous written consent.

24.03A.575 - Board and advisory committees.

24.03A.580 - Procedure for remote meetings.

24.03A.585 - Officers—Duties.

24.03A.590 - Standards of conduct for officers.

24.03A.595 - Resignation and removal of officers.

24.03A.600 - Contract rights of officers.

24.03A.605 - Loans or guarantees.

24.03A.610 - Liability for unlawful distributions.

24.03A.615 - Conflicting interest transactions—Voidability.

24.03A.620 - Business opportunities.

24.03A.625 - Removal by judicial proceeding.

24.03A.630 - Indemnification and advance for expenses.

24.03A.635 - Directors and officers under 18 years of age.

24.03A.640 - Authority to amend.

24.03A.645 - Amendment of articles by nonmembership corporation.

24.03A.650 - Amendment before admission of members.

24.03A.655 - Amendment after admission of members.

24.03A.660 - Voting on amendments by voting groups.

24.03A.665 - Articles of amendment.

24.03A.670 - Restated articles of incorporation.

24.03A.675 - Amendment of articles pursuant to reorganization.

24.03A.680 - Effective date.

24.03A.685 - Effect of articles of amendment.

24.03A.690 - Power to amend bylaws.

24.03A.695 - Bylaw amendments requiring member approval.

24.03A.700 - Effect of bylaw amendment.

24.03A.705 - Approval of amendments by third parties.

24.03A.710 - Definitions.

24.03A.715 - Property held for charitable purposes.

24.03A.720 - Prohibition of financial benefit.

24.03A.725 - Limitations on charitable corporations.

24.03A.730 - Merger.

24.03A.735 - Adoption of plan of merger.

24.03A.740 - Articles of merger.

24.03A.745 - Effect of merger.

24.03A.750 - Abandonment of merger.

24.03A.755 - Definitions.

24.03A.760 - Excluded transactions.

24.03A.765 - Required approvals.

24.03A.770 - Property held for charitable purposes.

24.03A.775 - Prohibition on financial benefit.

24.03A.780 - Voting rights in existing corporations.

24.03A.785 - Domestication.

24.03A.790 - Action on a plan of domestication.

24.03A.795 - Articles of domestication.

24.03A.800 - Effect of domestication.

24.03A.805 - Abandonment of domestication.

24.03A.810 - For-profit conversion of noncharitable corporations.

24.03A.815 - Action on a plan of for-profit conversion.

24.03A.820 - Articles of for-profit conversion.

24.03A.825 - Effect of for-profit conversion.

24.03A.830 - Abandonment of for-profit conversion.

24.03A.835 - For-profit domestication and conversion.

24.03A.840 - Articles of domestication and conversion.

24.03A.845 - Effect of for-profit domestication and conversion.

24.03A.850 - Abandonment of for-profit domestication and conversion.

24.03A.855 - Entity conversion for noncharitable corporations.

24.03A.860 - Plan of entity conversion.

24.03A.865 - Action on a plan of entity conversion.

24.03A.870 - Articles of entity conversion.

24.03A.875 - Effect of entity conversion.

24.03A.880 - Abandonment of entity conversion.

24.03A.885 - Dispositions not requiring member approval.

24.03A.890 - Dispositions requiring member approval.

24.03A.895 - Effect of dispositions.

24.03A.900 - Property held for charitable purposes.

24.03A.902 - Prohibition of financial benefit.

24.03A.904 - Authorization of voluntary dissolution.

24.03A.906 - Distribution of assets on dissolution.

24.03A.908 - Corporations holding property for charitable purposes.

24.03A.910 - Articles of dissolution.

24.03A.912 - Revocation of dissolution.

24.03A.914 - Effect of dissolution.

24.03A.916 - Prohibition of financial benefit.

24.03A.918 - Known claims against dissolved corporation.

24.03A.920 - Other claims against dissolved corporation.

24.03A.922 - Enforcement of claims.

24.03A.924 - Court proceedings.

24.03A.926 - Directors' duties.

24.03A.928 - Administrative dissolution.

24.03A.930 - Procedure and effect of administrative dissolution.

24.03A.932 - Property held for charitable purposes.

24.03A.934 - Reinstatement of administratively dissolved corporation.

24.03A.936 - Judicial dissolution.

24.03A.938 - Procedure for judicial dissolution.

24.03A.940 - Receivership.

24.03A.942 - Decree of dissolution.

24.03A.944 - Notice to attorney general.

24.03A.946 - Actions to secure property held for charitable purposes.

24.03A.948 - Attorney general's right to intervene.

24.03A.950 - Attorney general's investigative power.

24.03A.952 - Civil investigative demands.

24.03A.954 - Religious corporations.

24.03A.956 - Assurances of discontinuance.

24.03A.958 - Civil penalties, costs, and fees.

24.03A.960 - Charitable asset protection account.

24.03A.962 - Definitions.

24.03A.964 - Proceedings prior to corporate action.

24.03A.966 - Review of contested corporate action.