SENATE BILL REPORT
SB 6063
AS REPORTED BY COMMITTEE ON LAW & JUSTICE, JANUARY 23, 1992
Brief Description: Making technical corrections to corporations statutes.
SPONSORS: Senators Nelson and Rasmussen
SENATE COMMITTEE ON LAW & JUSTICE
Majority Report: That Substitute Senate Bill No. 6063 be substituted therefor, and the substitute bill do pass.
Signed by Senators Nelson, Chairman; Thorsness, Vice Chairman; Erwin, Hayner, M. Kreidler, Newhouse, Rasmussen, and A. Smith.
Staff: Ben Barnes (786‑7465)
Hearing Dates: January 23, 1992
BACKGROUND:
The Washington Business Corporation Act (RCW 32B) was enacted by the Legislature in 1989 to replace the former law (RCW 23A) governing the operation of corporations within the state. The act was modified last year to incorporate several substantive and technical changes recommended by the Corporate Act Revision Committee of the Washington State Bar Association.
It is recommended that certain technical corrections to other related corporations statutes be adopted.
SUMMARY:
Technical changes in language are added for clarification purposes.
The corporate name of a professional service corporation must contain either the words "professional service" or "professional corporation" or the abbreviation "P.S." or "P.C." The corporate name may also contain the words "corporation," "incorporated," "company," or "limited," or the abbreviation "corp.," "inc.," "co.," or "ltd."
A provision of the Unemployment Compensation Act which relates to the election of coverage for corporate officers is amended to conform to a cross-reference in the Washington Business Corporation Act.
EFFECT OF PROPOSED SUBSTITUTE:
A technical change in language is added.
Appropriation: none
Revenue: none
Fiscal Note: requested January 17, 1992
TESTIMONY FOR:
The bill makes technical changes to related corporations statutes.
TESTIMONY AGAINST: None
TESTIFIED: Cameron DeVore, Corporate Act Revision Committee; Don Whiting, Secretary of State's office