RCW 24.40.030
Articles of incorporation deemed to contain provisions for distribution.
The articles of incorporation of every corporation to which this chapter applies shall be deemed to contain a provision requiring such corporation to distribute, for the purposes specified in its articles of incorporation, for each taxable year, amounts at least sufficient to avoid liability for the tax imposed by section 4942(a) of the Internal Revenue Code of 1954.
[ 1971 c 59 § 4.]
Structure Revised Code of Washington
Title 24 - Corporations and Associations (Nonprofit)
Chapter 24.40 - Tax Reform Act of 1969, State Implementation—Not for Profit Corporations.
24.40.020 - Articles of incorporation deemed to contain prohibiting provisions.
24.40.030 - Articles of incorporation deemed to contain provisions for distribution.
24.40.040 - Rights, powers, of courts, attorney general, not impaired.
24.40.050 - Construction of references to federal code.
24.40.060 - Present articles of incorporation may be amended—Application to new corporation.
24.40.070 - Severability—1971 c 59.
24.40.080 - Tax reform act of 1969, state implementation—Charitable trusts.