BILL · 1997–98 SESSION

HB 2387: Business corp. shareholders

Regulating shareholder rights under the Washington business corporation act.

Summary

  • The statute allowing shareholder right plans is clarified to ensure that boards of directors may utilize existing anti-takeover statutes to delay or foreclose hostile takeovers of corporations.

From the Senate Bill Report (HB 2387), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 104, Laws of 1998
  1. IntroducedJan 13, 1998
  2. Out of committee
  3. Passed HouseFeb 9, 1998
  4. Passed SenateMar 5, 1998
  5. Governor
  6. LawMar 23, 1998
Prime sponsor
Larry Sheahan (R-9)
Introduced
January 13, 1998 in the House
Last action
March 23, 1998
Session law
Chapter 104, Laws of 1998
Companion bill
SB 6183

Sponsors

Prime sponsor: Larry Sheahan (R-9)

2 co-sponsors (2 Democrats, 0 Republicans)

Votes

House · Final Passage

February 9, 1998
Version voted on: HB 2387
90 Yea 0 Nay 0 Absent 8 Excused
PartyYeaNayAbsentExcused
Democrat35006
Republican55002
How each member voted

Yea (90)

Senate · Final Passage

March 5, 1998
Version voted on: HB 2387
44 Yea 0 Nay 2 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat20003
Republican24020
How each member voted

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

HB 2387 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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