RCW 31.24.190
Formation of historic business development company for purpose of preservation of historic buildings, areas, or neighborhoods.
(1) In addition to the purposes specified in RCW 31.24.020 a historic business development company may be formed for one or more of the following purposes:
(a) To encourage and stimulate the preservation of historic buildings or historic commercial areas or neighborhoods by returning them to economically productive uses which are compatible with or enhance the historic character of such buildings, commercial areas, or neighborhoods;
(b) To stimulate and assist in the development of business or other activities which have an impact upon the preservation of historic buildings, commercial areas, or neighborhoods;
(c) To cooperate and act in conjunction with other organizations, public or private, in the promotion and advancement of historical preservation activities; and
(d) To provide financing through loans, investments of other business transactions for the promotion, development, and conduct of all kinds of business activity that encourages or relates to historic preservation.
(2) A historic business development company shall not engage in the broad economic and business promotion activities permitted by a general business development company.
(3) A general business development company may, in addition to all other activities permitted by this chapter, engage in those activities specifically permitted of a historic business development company organized under subsection (1) of this section.
[ 2006 c 87 § 20; 1973 1st ex.s. c 90 § 2.]
Structure Revised Code of Washington
Title 31 - Miscellaneous Loan Agencies
Chapter 31.24 - Industrial Development Corporations.
31.24.005 - Findings—Declarations—Intent.
31.24.020 - Application—Contents—Articles of incorporation—Fees—Initial capital—Approval.
31.24.023 - Filing articles of incorporation—Receipt of certificate of authority.
31.24.025 - Fees—Director's discretion.
31.24.066 - Plan of assessment—Purpose—Requirements—Approval.
31.24.070 - Powers of stockholders—Voting rights—Proxy voting—Plan of assessment—Dividends—Rules.
31.24.073 - Aggregate limit on loans and investments—Single borrower or business.
31.24.075 - Insider transactions.
31.24.080 - Amendment of articles of incorporation—Director's approval—Filing.
31.24.090 - Board of directors—Officers and agents—Powers—Election—Meetings.
31.24.100 - Minimum capital, surplus, undivided profits, and net earnings.
31.24.110 - No receipt of money on deposit.
31.24.120 - Examinations by director of financial institutions—Reports—Authority of director.
31.24.130 - First meeting—Notice—Duties of incorporators.
31.24.140 - Duration of business development company.
31.24.150 - Dissolution—Method—Distribution of assets.
31.24.160 - Credit of state not pledged.
31.24.170 - Business development companies designated state development companies.
31.24.200 - Insolvency and liquidation—Chapter 30.44 RCW.
31.24.205 - Supervisory direction and conservatorship.
31.24.210 - Mergers or consolidations—Application—Approval.
31.24.220 - Confidentiality and disclosure—Examinations.