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Terms Used In Washington Code 24.03A.255

  • 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.
The secretary of state may remove a corporation‘s public benefit nonprofit corporation designation if the corporation does not comply with this chapter or the internal revenue service revokes recognition of the corporation’s status as an organization described in section 501(c)(3) of the internal revenue code.

NOTES:

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