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Committee hears technical updates to Washington Business Corporation Act; no final action
Summary
Senate Bill 5006, which would update the Washington Business Corporation Act, received a staff briefing and public testimony but no final vote during the Law & Justice Committee hearing.
Senate Bill 5006, which would update the Washington Business Corporation Act, received a staff briefing and public testimony but no final vote during the Law & Justice Committee hearing. Ryan Giannini, staff counsel to the committee, described the bill as “relating to making updates to Washington's corporation acts.”
The bill would permit board committees to consist of one or more directors instead of the current…
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