Wash. Rev. Code § 24.03A.916

Current through Chapter 376 of the 2024 Regular Session
Section 24.03A.916 - Prohibition of financial benefit

No person may receive a direct or indirect financial benefit in connection with the dissolution of a charitable corporation unless the person is an entity operated exclusively for one or more charitable purposes, the federal government, a tribal government, a state or local government, or an unincorporated entity that has charitable purposes. This section does not apply to the receipt of reasonable compensation for services rendered.

RCW 24.03A.916

Added by 2021 c 176,§ 3507, eff. 1/1/2022.

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