S-1200               _______________________________________________

                                                   SENATE BILL NO. 5543

                        _______________________________________________

State of Washington                               51st Legislature                              1989 Regular Session

By Senators Lee, Smitherman, Kreidler and Niemi

Read first time 1/27/89 and referred to Committee on   Economic Development & Labor.

AM ACT Relating to nonprofit corporation annual reports; and amending RCW 24.03.395.

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

        Sec. 1.  Section 80, chapter 235, Laws of 1967 as last amended by section 4, chapter 117, Laws of 1987 and RCW 24.03.395 are each amended to read as follows:

          Each domestic corporation, and each foreign corporation authorized to conduct affairs in this state, shall file, within the time prescribed by this chapter, an annual report in the form prescribed by the secretary of state setting forth:

          (1) The name of the corporation and the state or country under the laws of which it is incorporated((.));

          (2) The address of the registered office of the corporation in this state including street and number and the name of its registered agent in this state at such address, and, in the case of a foreign corporation, the address of its principal office((.));

          (3) A brief statement of the character of the affairs which the corporation is actually conducting, or, in the case of a foreign corporation, which the corporation is actually conducting in this state((.));

          (4) The names and respective addresses of the directors and officers of the corporation;

(5) An affirmative indication whether or not any change has been made in the organization's purpose and if so, the nature and reason for the change along with accompanying documentation;

(6) Whether the organization has filed an internal revenue service form 990 with the internal revenue service, which if filed, shall be made available upon request to the secretary of state's office; and

(7) The gross revenue and any unrelated business income as required to be reported under federal law.

          The information shall be given as of the date of the execution of the report.  It shall be executed by the corporation by an officer of the corporation, or, if the corporation is in the hands of a receiver or trustee, it shall be executed on behalf of the corporation by such receiver or trustee.

          The secretary of state may provide that correction or updating of information appearing on previous annual filings is sufficient to constitute the current annual filing.