S-539                 _______________________________________________

                                                   SENATE BILL NO. 5717

                        _______________________________________________

State of Washington                              50th Legislature                              1987 Regular Session

By Senators Cantu and Rasmussen

Read first time 2/6/87 and referred to Committee on Governmental Operations.

AN ACT Relating to reporting by nonprofit corporations; and amending RCW 24.03.400.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

        Sec. 1.  Section 81, chapter 235, Laws of 1967 as last amended by section 54, chapter 240, Laws of 1986 and RCW 24.03.400 are each amended to read as follows:

(1)     Not less than thirty days prior to a corporation's renewal date, or by December 1 of each year for a nonstaggered renewal, the secretary of state shall mail to each domestic and foreign corporation, by first class mail addressed to its registered office, a notice that its annual report must be filed as required by this chapter, and stating that if it fails to file its annual report it shall be dissolved or its certificate of authority revoked, as the case may be.  Failure of the secretary of state to mail any such notice shall not relieve a corporation from its obligation to file the annual reports required by this chapter.

          Such annual report of a domestic or foreign corporation shall be delivered to the secretary of state between the first day of January and the first day of March of each year, or on an annual renewal date as the secretary of state may establish.

          If the secretary of state finds that such report substantially conforms to the requirements of this chapter, the secretary of state shall file the same.

(2) The annual report shall include:  Total gross revenues of the corporation by source including donations, commercial activities, member dues and all other sources; salaries of all corporate officers; disbursement of funds by category; corporate assets; and a copy of the most recently submitted federal income tax return.