Washington Code 24.03A.135 – Power to modify purposes
Current as of: 2023 | Check for updates
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(1) Unless otherwise prohibited by its articles or bylaws, a nonprofit corporation, including a charitable corporation, may modify its purposes by:
Terms Used In Washington Code 24.03A.135
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
(a) Amending its articles or bylaws in accordance with this chapter and with those documents; and
(b) Making provision for any gift restrictions as defined in RCW 24.03A.185, either by ensuring continued adherence to those restrictions or by obtaining modification as provided in RCW 24.03A.190.
(2) A decision to modify the corporation’s purposes is subject to judicial review only with respect to violations of this chapter or other applicable law.
NOTES:
Effective date—2021 c 176: See note following RCW 24.03A.005.