WA People
BILL · 2011–12 SESSION

HB 1052: Shareholder & board actions

Addressing the authority of shareholders and boards of directors to take certain actions under the corporation act.

Summary

  • Amends provisions of the Washington Business Corporation Act governing: the powers of the board of directors; content and adoption of bylaws; indemnification rights for directors, officers, employees, and agents; and authority of corporations to enter into "force the vote" agreements.

From the House Bill Report (HB 1052), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 328, Laws of 2011
  1. IntroducedJan 10, 2011
  2. Out of committeeJan 17, 2011
  3. Passed HouseMar 1, 2011
  4. Passed SenateApr 11, 2011
  5. GovernorMay 12, 2011
  6. LawMay 12, 2011
Prime sponsor
Jamie Pedersen (D-43)
Introduced
January 10, 2011 in the House
Last action
May 12, 2011
Session law
Chapter 328, Laws of 2011
Requested by
Other

AN ACT Relating to the authority of shareholders and boards of directors to take certain actions under the corporation act;

Sponsors

Prime sponsor: Jamie Pedersen (D-43)

3 co-sponsors (2 Democrats, 1 Republican)

Jay Rodne R-5Deb Eddy D-48Jim Moeller D-49

Votes

House · Final Passage

Passed March 1, 2011
Version voted on: HB 1052
98 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat56000
Republican42000
How each member voted

Yea (98)

Permalink to this vote

Senate · 3rd Reading & Final Passage

Passed April 11, 2011
Version voted on: HB 1052
46 Yea 0 Nay 1 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat25011
Republican21001
How each member voted

Absent (1)

Excused (2)

Permalink to this vote

History

  1. Effective date 7/22/2011.
  2. Chapter 328, 2011 Laws.
  3. Governor signed.
  4. Delivered to Governor.
  5. Speaker signed.
  6. President signed.
  7. Third reading, passed; yeas, 46; nays, 0; absent, 1; excused, 2.
  8. Rules suspended. Placed on Third Reading.
  9. Placed on second reading by Rules Committee.
  10. Made eligible to be placed on second reading.
  11. Passed to Rules Committee for second reading.
  12. JUD - Majority; do pass.
  13. First reading, referred to Judiciary.
  14. Third reading, passed; yeas, 98; nays, 0; absent, 0; excused, 0.
  15. Rules suspended. Placed on Third Reading.
  16. Placed on second reading by Rules Committee.
  17. Referred to Rules 2 Consideration.
  18. Passed to Rules Committee for second reading.
  19. JUDI - Executive action taken by committee.
  20. JUDI - Majority; do pass.
  21. First reading, referred to Judiciary.
  22. Prefiled for introduction.

HB 1052 in other sessions

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

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