BILL · 2021–22 SESSION

SB 5489: Business entities

Concerning business entities.

Summary

  • Amends provisions of the Washington Business Corporations Act concerning record dates, mergers, special meetings, maintenance of shareholders lists, and share exchanges.
  • Changes provisions of the Washington Uniform Limited Partnership Act concerning partner transactions with the partnership, distributions, limitations on distributions, partner's transferable interest, and property in conversions and mergers.
  • Amends provisions of the Washington Limited Liability Company Act concerning approval of conversion, admission and withdrawal of members, foreign professional limited liability companies, and members without an economic interest.

From the House Bill Report (SB 5489), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 42, Laws of 2022
  1. IntroducedJan 10, 2022
  2. Out of committeeJan 14, 2022
  3. Passed SenateJan 28, 2022
  4. Passed HouseMar 1, 2022
  5. GovernorMar 11, 2022
  6. LawMar 11, 2022
Prime sponsor
Jamie Pedersen (D-43)
Introduced
January 10, 2022 in the Senate
Last action
March 11, 2022
Session law
Chapter 42, Laws of 2022
Requested by
Other

AN ACT Relating to business entities;

Sponsors

Prime sponsor: Jamie Pedersen (D-43)

3 co-sponsors (2 Democrats, 1 Republican)

Votes

Senate · 3rd Reading & Final Passage

Passed January 28, 2022
Version voted on: SB 5489
43 Yea 0 Nay 0 Absent 6 Excused
PartyYeaNayAbsentExcused
Democrat25004
Republican18002
How each member voted

House · 3rd Reading & Final Passage

Passed March 1, 2022
Version voted on: SB 5489
94 Yea 1 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat55002
Republican39101
How each member voted

Yea (94)

Nay (1)

Excused (3)

History

  1. Effective date 6/9/2022.
  2. Chapter 42, 2022 Laws.
  3. Governor signed.
  4. Delivered to Governor.
  5. President signed.
  6. Speaker signed.
  7. Third reading, passed; yeas, 94; nays, 1; absent, 0; excused, 3.
  8. Rules suspended. Placed on Third Reading.
  9. Rules Committee relieved of further consideration. Placed on second reading.
  10. Referred to Rules 2 Review.
  11. CRJ - Executive action taken by committee.
  12. CRJ - Majority; do pass.
  13. First reading, referred to Civil Rights & Judiciary.
  14. Third reading, passed; yeas, 43; nays, 0; absent, 0; excused, 6.
  15. Rules suspended. Placed on Third Reading.
  16. Placed on second reading consent calendar.
  17. Passed to Rules Committee for second reading.
  18. LAW - Majority; do pass.
  19. First reading, referred to Law & Justice.
  20. Prefiled for introduction.

SB 5489 in other sessions

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

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