Bill

Bill > SB6037


WA SB6037

WA SB6037
Concerning business corporations.


summary

Introduced
01/13/2020
In Committee
02/25/2020
Crossed Over
01/24/2020
Passed
03/09/2020
Dead
Signed/Enacted/Adopted
03/27/2020

Introduced Session

2019-2020 Regular Session

Bill Summary

AN ACT Relating to business corporations; amending RCW 23B.02.020, 23B.02.060, 23B.01.200, 23B.06.010, 23B.06.240, 3 23B.08.030, 23B.08.735, 23B.09.020, 23B.10.060, 23B.11.010, 4 23B.11.020, 23B.07.210, 23B.06.030, and 23B.07.040; adding a new section to chapter 23B.08 RCW; and creating a new section.

AI Summary

This bill: - Requires public companies in Washington to have at least 25% of their board of directors be individuals who self-identify as women, or the company must provide a board diversity discussion and analysis to shareholders detailing their approach to board diversity. - Allows the articles of incorporation to include provisions related to the purpose, management, and governance of the corporation, including provisions that limit or eliminate a director's duty to offer the corporation certain business opportunities. - Makes various other technical amendments to the state's business corporation law, including allowing certain corporate actions and plan terms to be made dependent on facts objectively ascertainable outside the filed documents.

Committee Categories

Justice

Sponsors (17)

Last Action

Effective date 6/11/2020. (on 03/27/2020)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...