RCW 24.03A.725
169 words·~1 min read·
/wa/title-24/chapter-24-03a/24-03a-725·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)A charitable corporation may merge only with:
(a)Another charitable corporation;
(b)A foreign corporation that, if it were a domestic corporation, would qualify under this chapter as a charitable corporation; or
(c)A foreign or domestic for-profit or nonprofit corporation, or unincorporated entity, only if the charitable corporation is the surviving corporation and continues to qualify as a charitable corporation after the merger.
(2)No member of a charitable corporation may receive or keep anything as a result of a merger other than a membership in the surviving charitable corporation, unless:
(a)The attorney general, or the court in a proceeding in which the attorney general has been given notice, has provided prior written consent; or
(b)The member is a charitable corporation, another entity that is organized and operated exclusively for one or more charitable purposes, the federal government, or a tribal, state, or local government.
[ 2021 c 176 s 3204 .]
Notes:
Effective date — 2021 c 176: See note following RCW 24.03A.005 .