WSR 98-07-001
PREPROPOSAL STATEMENT OF INQUIRY
SECRETARY OF STATE
(Corporations Division)
[Filed March 4, 1998, 3:46 p.m.]
Subject of Possible Rule Making: Define the scope of the Charitable Trust Act and who is required to register. Establish an asset value threshold for registration. Establish the contents of the registration form for charitable trusts
Statutes Authorizing the Agency to Adopt Rules on this Subject: Chapter 11.110 RCW, Charitable Trust Act, specifically RCW 11.110.051, 11.110.60 [11.110.060], 11.110.070
Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: These rules will reflect the changes enacted by the legislature to the Charitable Trust Act in 1997. They will clarify who is required to register under the Charitable Trust Act and will revise the content of the registration form
Other Federal and State Agencies that Regulate this Subject and the Process Coordinating the Rule with These Agencies: The Office of the Attorney General may bring legal action to enforce the Charitable Trust Act, but does not engage in rule making
Process for Developing New Rule: Agency study
Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting the Office of the Secretary of State, Charities Program, 505 East Union, P.O. Box 40234, 1st Floor, Olympia, WA 98504-0234, (360) 664-0742, FAX (360) 664-4250
March 3, 1998
Tracy Guerin
Assistant Secretary of State