Washington Code 88.46.062 – Nonprofit corporation providing contingency plan — Findings — Termination of maritime commission
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(1) The legislature finds that there is a need to continue to provide oil spill response and contingency plan coverage for vessels that do not have their own contingency plans that transit the waters of this state. A nonprofit corporation shall be established for the sole purpose of providing oil spill response and contingency plan coverage in compliance with RCW 88.46.060.
Terms Used In Washington Code 88.46.062
- 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) The maritime commission may conduct activities and make expenditures necessary for the transition of services presently provided by the commission and its contractors to the nonprofit corporation established pursuant to this section.
(3) Once the nonprofit corporation is established and the transfers under RCW 88.46.063 are completed, the maritime commission may cease operation.
[ 1995 c 148 § 1.]
NOTES:
Effective date—1995 c 148 §§ 1-3: See note following RCW 88.46.060.