Washington Business Corporation Act definition

Washington Business Corporation Act means the Washington Business Corporation Act, as it exists now or may be amended.

Washington Business Corporation Act means the Washington business corporation act, as amended.

Washington Business Corporation Act means the Washington Business Corporation Act of the State of Washington, as it exists now or may be amended.

Examples of Washington Business Corporation Act in a sentence

• The corporation may, by action of the Board of Directors, provide indemnification and pay expenses in advance of the final disposition of a proceeding to employees and agent of the corporation with the same scope and effect as the provisions of this Article with respect to the indemnification and advancement of expenses of directors and officers of the corporation or pursuant to rights granted under, or provided by, the Washington Business Corporation Act or otherwise.

• It shall be a defense to a claim for an amount of indemnification under this Article (other than a claim for advances of expenses prior to final disposition of a proceeding where the required undertaking and affirmation have been received by the corporation) that the claimant has not met the standards of conduct applicable (if any) under the Washington Business Corporation Act to entitle the claimant to the amount claimed, but the corporation shall have the burden of proving such defense.

• All corporate powers shall be exercised by or under the authority of, and the business and affairs of the corporation shall be managed under the direction of, its Board of Directors, except as may be otherwise provided in these Bylaws, the Amended and Restated Articles of Incorporation or the Washington Business Corporation Act.

• The registered office of the corporation required by the Washington Business Corporation Act to be maintained in the state of Washington may be, but need not be, identical with the principal office in the state of Washington and the address of the registered office may be changed from time to time by the Board of Directors or by officers designated by the Board of Directors.

• The Corporation may maintain insurance at its expense to protect itself and any director, trustee, officer, employee or agent of the Corporation or another corporation, partnership, joint venture, trust or other enterprise against any expense, liability or loss, whether or not the Corporation would have the power to indemnify such persons against such expense, liability or loss under the Washington Business Corporation Act, as applied to nonprofit corporations.

• As such, foreign lenders should take care to limit the extent and scope of their origination activities.

• Notwithstanding the foregoing, if Section 23B.08.560 or any successor provision of the Washington Business Corporation Act is hereafter amended, the restrictions on indemnification set forth in this Section shall be as set forth in such amended statutory provision.

• Nothing in these bylaws shall be deemed to constitute a procedure for the recognition of a beneficial owner as a shareholder of the Corporation within the meaning of Section 23B.07.230 of the Washington Business Corporation Act.

• Chapter 23B.08.510 and .570 of the Washington Business Corporation Act authorizes a corporation to indemnify its directors, officers, employees, or agents in terms sufficiently broad to permit such indemnification under certain circumstances for liabilities (including provisions permitting advances for expenses incurred) arising under the 1933 Act.

• No indemnification shall be provided under this Article to any such person if the corporation is prohibited by the Washington Business Corporation Act or other applicable law as then in effect from paying such indemnification.

More Definitions of Washington Business Corporation Act

Washington Business Corporation Act means the Washington Business Corporation Act of the state of Washington, as now or hereafter amended.

Washington Business Corporation Act means the Washington Business Corporation Act, as amended from time to time.

Washington Business Corporation Act means the Washington Business Corporation Act, as it exists now or may be amended. “Writing” or “written” means embodied in a tangible medium, and excludes an electronic transmission.

Washington Business Corporation Act means the Washington Business Corporation Act, RCW23B, et seq., as amended.

Washington Business Corporation Act means the Washington Business Corporation Act, as amended. 2.

Washington Business Corporation Act means the Washington Business Corporation Act, as it exists now or may be amended. Any statute defined or referred to herein or in any agreement or instrument that is referred to in these Bylaws means such statute as from time to time amended, modified or supplemented, including by succession of comparable successor statutes and references to all attachments thereto and instruments incorporated therein.