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Update from Olympia: WSBA’s Request Legislation and More Headed to the Governor

Washington Capitol

The final weeks of the Washington state legislative session are marked by long nights on the chamber floors as legislators vote on bills from the opposite house before the April 17 cutoff and push to pass legislation by April 28, the last day of the scheduled regular session.

WSBA’s request legislation—Senate Bill (SB) 5003—was a beneficiary of that process, passing the House of Representatives on April 15 and moving on to the governor for signature. During most sessions, WSBA supports legislative proposals initiated by WSBA Sections and approved by the Board of Governors.

The bill, which was proposed by the WSBA Business Law Section’s Corporate Act Revision Committee, seeks to address preemptive rights, cumulative voting, and approval of asset sales under the Washington Business Corporation Act to better align with the Model Business Corporation Act and other leading corporate law jurisdictions, such as Delaware.

A member of the Corporate Act Revision Committee testified in favor of the bill at public hearings in the Senate and the House. This now marks at least the seventh consecutive year in which a Business Law Section legislative proposal has cleared both houses. To learn more about how the section’s committee has impacted business law legislation, read “How a WSBA Section Committee Can Change the Rules of the Game.” Congratulations to the Corporate Act Revision Committee and the section for yet another successful legislative effort!

Other bills of interest to WSBA entities include:

We will provide further updates on NWSidebar and other WSBA communication platforms as the session winds down. If you have comments or questions, please don’t hesitate to get in touch.

Editor’s note: ESHB 1788, the bill to repeal the majority of the State Bar Act, passed the Senate on April 10. As of this writing it had not yet gone back to the House to decide whether it will concur with the Senate amendments.

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