Wash. Rev. Code § 24.03A.150

Current through Chapter 376 of the 2024 Regular Session
Section 24.03A.150 - Ultra vires action
(1) Except as provided in subsection (2) of this section, the validity of corporate action may not be challenged on the ground that the nonprofit corporation lacks or lacked power to act.
(2) The power of a nonprofit corporation to act may be challenged:
(a) In a proceeding by the corporation, directly or through a receiver, trustee, or other legal representative, against an incumbent or former director, officer, employee, or agent of the corporation; or
(b) In a proceeding by the attorney general under RCW 24.03A.936.

RCW 24.03A.150

Added by 2021 c 176,§ 1405, eff. 1/1/2022.

Effective date- 2021 c 176 : See note following RCW 24.03A.005.