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
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.