WA People
BILL · 2005–06 SESSION

SB 6596: Washington corporations

Revising the dissolution of Washington corporations.

Summary

  • Amends provisions of the Business Corporations Act relating to the authorization, procedures, and legal effect of a voluntary dissolution.
  • Establishes claim-barring procedures affected by either, a dissolved corporation's compliance with notice requirements, a court order, or the expiration of a revised survival of claims period.
  • Specifies processes by which a dissolved corporation may make reasonable provision for the satisfaction of its liabilities, and by which an unpaid claim against a dissolved corporation may be recouped.
  • Establishes a shareholder's liability for knowingly accepting an unlawful distribution from the dissolved corporation.

From the House Bill Report (SB 6596), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 52, Laws of 2006
  1. IntroducedJan 16, 2006
  2. Out of committeeFeb 2, 2006
  3. Passed SenateFeb 11, 2006
  4. Passed HouseMar 1, 2006
  5. GovernorMar 14, 2006
  6. LawMar 14, 2006
Prime sponsor
Adam Kline (D-37)
Introduced
January 16, 2006 in the Senate
Last action
March 14, 2006
Session law
Chapter 52, Laws of 2006

AN ACT Relating to the dissolution of Washington corporations;

Sponsors

Prime sponsor: Adam Kline (D-37)

3 co-sponsors (1 Democrat, 2 Republicans)

Stephen Johnson R-47Brian Weinstein D-41Luke Esser R-48

Votes

Senate · 3rd Reading & Final Passage

Passed February 11, 2006
Version voted on: SB 6596
41 Yea 0 Nay 0 Absent 8 Excused
PartyYeaNayAbsentExcused
Democrat26000
Republican15008
How each member voted
Permalink to this vote

House · Final Passage

Passed March 1, 2006
Version voted on: SB 6596
98 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat56000
Republican42000
How each member voted

Yea (98)

Permalink to this vote

History

  1. Effective date 6/7/2006.
  2. Chapter 52, 2006 Laws.
  3. Governor signed.
  4. Delivered to Governor.
  5. President signed.
  6. Speaker signed.
  7. Third reading, passed; yeas, 98; nays, 0; absent, 0; excused, 0.
  8. Rules suspended. Placed on Third Reading.
  9. Placed on second reading by Rules Committee.
  10. Passed to Rules Committee for second reading.
  11. JUDI - Executive action taken by committee.
  12. JUDI - Majority; do pass.
  13. First reading, referred to Judiciary.
  14. Third reading, passed; yeas, 41; nays, 0; absent, 0; excused, 8.
  15. Rules suspended. Placed on Third Reading.
  16. Placed on second reading by Rules Committee.
  17. Made eligible to be placed on second reading.
  18. Passed to Rules Committee for second reading.
  19. JUD - Majority; do pass.
  20. First reading, referred to Judiciary.

SB 6596 in other sessions

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

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