Title 23B — Title 23B WASHINGTON BUSINESS CORPORATION ACT
22 chapters · 253 sections in this title.
RCW 23B.03.010 Purposes.
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(1) Every corporation incorporated under this title has the purpose of engaging in any lawful business unless a more limited purpose is set forth in the articles of incorporation.(2) Corporations organized for the purposes of banking or engaging in business as an insurer shall no…
RCW 23B.03.020 General powers.
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(1) Unless its articles of incorporation provide otherwise, every corporation has perpetual duration and succession in its corporate name.(2) Unless its articles of incorporation provide otherwise, every corporation has the same powers as an individual to do all things necessary …
RCW 23B.03.030 Emergency powers.
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(1) In anticipation of or during an emergency defined in subsection (4) of this section, the board of directors of a corporation may:(a) Modify lines of succession to accommodate the incapacity of any director, officer, employee, or agent; and(b) Relocate the principal office, de…
RCW 23B.03.040 Ultra vires.
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(1) Except as provided in subsection (2) of this section, corporate action may not be challenged on the ground that the corporation lacks or lacked power to act.(2) A corporation's power to act may be challenged:(a) In a proceeding by a shareholder against the corporation to enjo…