Senate Bill 5489, June 9, 2022, amends the following: (A) the business corporation law regarding definitions; record dates of shareholders; special meetings of shareholders; list of shareholders; merger; share exchange; and shareholder dissenter rights; (B) the LP law regarding definitions; transactions with partners; distributions; partner transferable interests; conversion; and merger; and (C) the LLC law regarding professional services LLCs; admission of members; member voting; member dissociation; and conversion.
Senate Bill 5034, effective January 1, 2022 except as noted in the Bill, enacts a new Washington Nonprofit Corporation Act which will apply to all domestic and qualified foreign nonprofit corporations as of the effective date. The new law includes changes covering a number of topics including electronic transmission of meeting notices and meeting procedures; governance of members, officers and directors; record keeping; filing requirements and new entity transaction types; charitable corporations and property held for charitable purposes; and Attorney General powers.
Senate Bill 5355, effective January 1, 2022, enacts provisions regarding the creation and recording of wage liens.
Senate Bill 5347, effective July 25, 2021, authorizes electronic voting by members of cooperative associations.
Senate Bill 5019, effective July 25, 2021, authorizes the Secretary of State to make reasonable rules in accordance with federal and state laws and to provide for the uniform recording of documents in cooperation with the Recording Standards Commission. The Secretary of State may make rules governing, among other things, recording duties of county recorders and county auditors; recording standards for the creation of certified copies for use as evidence; recording standards for documents related to liens; and recording standards for documents related to the uniform commercial code.
Senate Bill 5005, effective July 25, 2021, amends the Business Corporation Act regarding electronic notices and consents.
Senate Bill 6028, effective June 11, 2020, adopts the Uniform Electronic Transactions Act with authorization for electronic signatures and notarizations with conforming amendments to the business entity laws and enacts certain further amendments to the business corporation law.
Senate Bill 6037, effective June 11, 2020, amends the Business Corporation Act regarding gender diversity on the boards of directors of public companies; contents of Articles of Incorporation and Bylaws; dependency of plans or filed records on external ascertainable facts; capital shares; share options; business opportunities; conversion, merger and share exchange; domestic amendment; voting shares; and shareholder action without a meeting.