(1) The secretary of state shall develop an application process for new and existing corporations to apply for public benefit nonprofit corporation status.

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Terms Used In Washington Code 24.03A.250

  • 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.
(2) Public benefit nonprofit corporation status must be renewed annually. The secretary of state may schedule renewals in conjunction with the corporation’s annual report.

NOTES:

Effective date2021 c 176: See note following RCW 24.03A.005.