S-4250               _______________________________________________

                                                   SENATE BILL NO. 6607

                        _______________________________________________

State of Washington                              50th Legislature                              1988 Regular Session

By Senator McCaslin

Read first time 1/27/88 and referred to Committee on Law & Justice.

AN ACT Relating to partnerships; and adding a new section to chapter 25.04 RCW.

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

NEW SECTION. Sec. 1.  A new section is added to chapter 25.04 RCW to read as follows:

          A partnership shall give written notice to proposed partners at least thirty days before voting any proposed partner into the partnership.  The notice shall contain the date, time, and place of the partnership meeting during which the vote will occur.  If the proposed partner objects to becoming a partner, the objection shall be in written form, directed to the partnership or any partner, and may be given at any time before the partnership meeting.  Upon receiving an objection from a proposed partner, the partnership is prohibited from voting the proposed partner into the partnership.  The provisions of this section may be waived by the partnership and the proposed partner.  Any such waiver shall be in writing, and shall be dated and signed by each partner and the proposed partner. All written notices described in this section shall be mailed by certified mail, return receipt requested, to the last known addresses of the parties.

          If a partnership votes in a proposed partner, without notice or over the written objection of the proposed partner, the partnership shall be automatically dissolved, and the proposed partner shall not be liable for any of the partnership obligations.