BILL · 1997–98 SESSION

SB 6183: Businss corp shares/distrbtn

Regulating shareholder rights under the Washington business corporation act.

Summary

  • The statute allowing shareholder rights 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 (SB 6183), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed Senate, stalled in House
  1. IntroducedJan 12, 1998
  2. Out of committee
  3. Passed SenateFeb 11, 1998
  4. Passed Housestopped here
  5. Governor
  6. Law
Prime sponsor
Stephen Johnson (R-47)
Introduced
January 12, 1998 in the Senate
Last action
March 12, 1998
Companion bill
HB 2387

Sponsors

Prime sponsor: Stephen Johnson (R-47)

1 co-sponsor (0 Democrats, 1 Republican)

Votes

Senate · Final Passage

February 11, 1998
Version voted on: SB 6183
48 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat23000
Republican25001
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.

SB 6183 in other sessions

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

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