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Revised Code of Washington Chapter 24.40 — Tax Reform Act of 1969, State Implementation—Not for Profit Corporations

Washington · statute · Wash. Rev. Code ch. 24.40 · 8 active provisions

8 active provisions.

Wash. Rev. Code § 24.40.020

Articles of incorporation deemed to contain prohibiting provisions

The articles of incorporation of every corporation to which this chapter applies shall be deemed to contain provisions prohibiting the corporation from:(1) Engaging in any act of "self-dealing" (as defined in section 4941(d) of the Internal Revenue Code of 1954), which would give rise to any liability for the tax impos…

WashingtonTax Reform Act of 1969, State Implementation—Not for Profit Corporationseffective
Wash. Rev. Code § 24.40.030

Articles of incorporation deemed to contain provisions for distribution

The articles of incorporation of every corporation to which this chapter applies shall be deemed to contain a provision requiring such corporation to distribute, for the purposes specified in its articles of incorporation, for each taxable year, amounts at least sufficient to avoid liability for the tax imposed by sect…

WashingtonTax Reform Act of 1969, State Implementation—Not for Profit Corporationseffective
Wash. Rev. Code § 24.40.060

Present articles of incorporation may be amended—Application to new corporation

Nothing in this chapter shall limit the power of any corporation not for profit now or hereafter incorporated under the laws of the state of Washington(1) to at any time amend its articles of incorporation or other instrument governing such corporation by any amendment process open to such corporation under the laws of…

WashingtonTax Reform Act of 1969, State Implementation—Not for Profit Corporationseffective