Washington Code 39.84.040 – Board of directors of public corporation
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The ordinance creating a public corporation shall include provisions establishing a board of directors to govern the affairs of the public corporation, what constitutes a quorum of the board of directors, and how the public corporation shall conduct its affairs.
[ 1981 c 300 § 4.]
Terms Used In Washington Code 39.84.040
- Board of directors: means the board of directors of a public corporation. See Washington Code 39.84.020
- 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.
- Ordinance: means any appropriate method of taking official action or adopting a legislative decision by any municipality, whether known as a resolution, ordinance, or otherwise. See Washington Code 39.84.020
- Quorum: The number of legislators that must be present to do business.