WA People
BILL · 2015–16 SESSION

SB 6205: Corporation/acquiring person

Clarifying when a person is an acquiring person of a target corporation with more than one class of voting stock.

Summary

  • Amends the anti-takeover statute in the Washington Business Corporation Act to use the concept of voting power as the measure for determining when a person becomes an acquiring person or meets other thresholds established in the anti-takeover statute.

From the House Bill Report (SB 6205), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 216, Laws of 2016
  1. IntroducedJan 12, 2016
  2. Out of committeeFeb 2, 2016
  3. Passed SenateFeb 15, 2016
  4. Passed HouseMar 3, 2016
  5. GovernorApr 1, 2016
  6. LawApr 1, 2016
Prime sponsor
Jamie Pedersen (D-43)
Introduced
January 12, 2016 in the Senate
Last action
April 1, 2016
Session law
Chapter 216, Laws of 2016
Requested by
Other
Budget
Has a fiscal note

AN ACT Relating to clarifying when a person is an acquiring person of a target corporation with more than one class of voting stock;

Sponsors

Prime sponsor: Jamie Pedersen (D-43)

3 co-sponsors (1 Democrat, 2 Republicans)

Steve O'Ban R-28Senator D-46Joe Fain R-47

Votes

Senate · 3rd Reading & Final Passage

Passed February 15, 2016
Version voted on: SB 6205
47 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat22002
Republican25000
How each member voted

Excused (2)

Permalink to this vote

House · Final Passage

Passed March 3, 2016
Version voted on: SB 6205
91 Yea 6 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat50000
Republican41601
How each member voted

Yea (91)

Excused (1)

Permalink to this vote

History

  1. Effective date 6/9/2016.
  2. Chapter 216, 2016 Laws.
  3. Governor signed.
  4. Delivered to Governor.
  5. Speaker signed.
  6. President signed.
  7. Third reading, passed; yeas, 91; nays, 6; absent, 0; excused, 1.
  8. Rules suspended. Placed on Third Reading.
  9. Placed on second reading by Rules Committee.
  10. Referred to Rules 2 Review.
  11. Minority; do not pass.
  12. JUDI - Majority; do pass.
  13. First reading, referred to Judiciary (Not Officially read and referred until adoption of Introduction report).
  14. Third reading, passed; yeas, 47; nays, 0; absent, 0; excused, 2.
  15. Rules suspended. Placed on Third Reading.
  16. Placed on second reading by Rules Committee.
  17. Passed to Rules Committee for second reading.
  18. LAW - Majority; do pass.
  19. First reading, referred to Law & Justice.

SB 6205 in other sessions

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

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