BILL · 2025–26 SESSION

SB 5006: Corporation acts

Making updates to Washington's corporation acts.

Summary

Modifies the composition, powers, and limitations of corporate and nonprofit board committees.
Clarifies issuance of shares procedures, rights of former holders of shares exchanged in share exchanges, dissenters’ rights during a conversion of a corporation, and voting thresholds in corporate dissolutions.

From the Senate Bill Report (SB 5006), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 4, Laws of 2025

AN ACT Relating to making updates to Washington's corporation acts;

Passed February 5, 2025

Version voted on: SB 5006

49 Yea 0 Nay 0 Absent 0 Excused

Party	Yea	Nay	Absent	Excused
Democrat	30	0	0	0
Republican	19	0	0	0

How each member voted

Passed March 26, 2025

Version voted on: SB 5006

92 Yea 6 Nay 0 Absent 0 Excused

Party	Yea	Nay	Absent	Excused
Democrat	59	0	0	0
Republican	33	6	0	0

How each member voted

Apr 4, 2025Effective date 7/27/2025.
Apr 4, 2025Chapter 4, 2025 Laws.
Apr 4, 2025Governor signed.
Apr 1, 2025Delivered to Governor.
Mar 31, 2025Speaker signed.
Mar 28, 2025President signed.
Mar 26, 2025Third reading, passed; yeas, 92; nays, 6; absent, 0; excused, 0.
Mar 26, 2025Rules suspended. Placed on Third Reading.
Mar 25, 2025Rules Committee relieved of further consideration. Placed on second reading.
Mar 21, 2025Referred to Rules 2 Review.
Mar 19, 2025CRJ - Executive action taken by committee.
Mar 19, 2025Minority; without recommendation.
Mar 19, 2025CRJ - Majority; do pass.
Feb 7, 2025First reading, referred to Civil Rights & Judiciary.
Feb 5, 2025Third reading, passed; yeas, 49; nays, 0; absent, 0; excused, 0.
Feb 5, 2025Rules suspended. Placed on Third Reading.
Jan 29, 2025Placed on second reading consent calendar.
Jan 17, 2025Passed to Rules Committee for second reading.
Jan 16, 2025LAW - Majority; do pass.
Jan 13, 2025First reading, referred to Law & Justice.
Dec 3, 2024Prefiled for introduction.

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

SB 5006 (2023–24) Waiver of firearm rights · Enacted · Chapter 262, Laws of 2023
SB 5006 (2021–22) Local parks funding options · Did not pass · died in committee
SB 5006 (2019–20) On-premises endorsement · Enacted · Chapter 186, Laws of 2020
SB 5006 (2017–18) Beer & wine specialty shops · Did not pass · died in committee
SB 5006 (2015–16) Nonparent responsibilities · Did not pass · stalled on the Senate floor
SB 5006 (2013–14) Water company rates · Did not pass · stalled on the Senate floor
SB 5006 (2011–12) Drivers' license issuance · Did not pass · died in committee
SB 5006 (2009–10) Genetic engineering/plants · Did not pass · died in committee