™Your Policy Risk Impact Agent
22 chapters · 253 sections in this title.
RCW 23B.30.010 Definitions.
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As used in this chapter: (1) "Date of the defective corporate action" means the date the defective corporate action was purported to have been taken, or, if the exact date is unknown, the approximate date thereof. (2) "Defective corporate action" means (a) any corporate action pu…
RCW 23B.30.020 Chapter not exclusive.
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(1) A defective corporate action is not void or voidable solely as a result of a failure of authorization if ratified in accordance with RCW 23B.30.030 or validated in accordance with RCW 23B.30.080. (2) Ratification under RCW 23B.30.030 or validation under RCW 23B.30.080 is not …
RCW 23B.30.030 Ratification.
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(1) Except as otherwise required by subsection (2) of this section, to ratify a defective corporate action under this chapter, the board of directors must adopt a resolution stating: (a) The defective corporate action to be ratified and, if the defective corporate action involved…
RCW 23B.30.040 Ratification—Quorum—Voting.
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(1) The quorum and voting requirements applicable to the adoption by the board of directors of the resolution required by RCW 23B.30.030(1) are the quorum and voting requirements that would be applicable if the defective corporate action was being approved at the time the resolut…
