Section 24.03A.165 - Property held for charitable purposes(1) Property owned by a nonprofit corporation is held for charitable purposes if: (a) The corporation is a charitable corporation;(b) The property is subject to restrictions contained in a gift instrument that limit its use only to one or more charitable purposes; or(c) The property is subject to restrictions contained in the corporation's articles, bylaws, or any record adopted by the corporation's board, or to other limitations in the form of a record, that limit its use only to one or more charitable purposes.(2) In no event may property held for charitable purposes be distributed in a manner inconsistent with RCW 24.03A.155, 24.03A.900, or 24.03A.906.Added by 2021 c 176,§ 1408, eff. 1/1/2022.Effective date- 2021 c 176 : See note following RCW 24.03A.005.