CERTIFICATION OF ENROLLMENT

 

                        HOUSE BILL 1139

 

 

                    Chapter 32, Laws of 1999

 

 

                        56th Legislature

                      1999 Regular Session

 

 

JUDICIAL REMOVAL OF A DIRECTOR OF A NONPROFIT CORPORATION

 

 

 

                    EFFECTIVE DATE:  7/25/99

Passed by the House February 12, 1999     Yeas 94   Nays 0

 

 

             CLYDE BALLARD

Speaker of the House of Representatives

     

 

 

              FRANK CHOPP

Speaker of the House of Representatives

 

 

 

Passed by the Senate April 6, 1999

  Yeas 43   Nays 0

             CERTIFICATE

 

We, Dean R. Foster and Timothy A. Martin, Co-Chief Clerks of the House of Representatives of the State of Washington, do hereby certify that the attached is HOUSE BILL 1139  as passed by the House of Representatives and the Senate on the dates hereon set forth.

 

 

 

           DEAN R. FOSTER

                          Chief Clerk

 

 

          TIMOTHY A. MARTIN

                          Chief Clerk

               BRAD OWEN

President of the Senate

 

 

 

Approved April 19, 1999 Place Style On Codes above, and Style Off Codes below.         

                                FILED                

 

           April 19, 1999 - 3:12 p.m.

 

              GARY LOCKE

Governor of the State of Washington

                 Secretary of State

                 State of Washington


          _______________________________________________

 

                          HOUSE BILL 1139

          _______________________________________________

 

             Passed Legislature - 1999 Regular Session

 

State of Washington      56th Legislature     1999 Regular Session

 

By Representatives Sheahan, Constantine and Kenney

 

Read first time 01/15/1999.  Referred to Committee on Judiciary.

Removing a director of a nonprofit corporation from office. 


    AN ACT Relating to judicial removal of a director of a nonprofit corporation from office; and adding a new section to chapter 24.03 RCW.

 

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

 

    NEW SECTION.  Sec. 1.  A new section is added to chapter 24.03 RCW to read as follows:

    (1) The superior court of the county where a corporation's principal office, or, if none in this state, its registered office, is located may remove a director of the corporation from office in a proceeding commenced by the corporation if the court finds that (a) the director engaged in fraudulent or dishonest conduct with respect to the corporation, and (b) removal is in the best interest of the corporation.

    (2) The court that removes a director may bar the director from reelection for a period prescribed by the court.


    Passed the House February 12, 1999.

    Passed the Senate April 6, 1999.

Approved by the Governor April 19, 1999.

    Filed in Office of Secretary of State April 19, 1999.