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Legislation watch
2021 Senate Bill 5034: Concerning nonprofit corporations
Introduced by Sen. Jamie Pedersen (Seattle) (D) on January 11, 2021
Referred to the Senate Law & Justice Committee on January 11, 2021
Substitute offered in the Senate on January 21, 2021
Repeals the Washington Nonprofit Corporation Act and proposes a comprehensive revision.
• Applies to both new and existing nonprofit corporations.
• Modernizes the act loosely based on the American Bar Association’s Model Nonprofit Corporation Act.
Referred to the Senate Rules Committee on January 22, 2021
Received in the House on February 15, 2021
Referred to the House Civil Rights & Judiciary Committee on February 15, 2021
Amendment offered in the House on March 19, 2021
Removes the requirement that board members must be at least 16 years of age;
• dedicates 5 percent of the charitable asset protection fee to the SOS's revolving fund
to cover costs of assessing the fee; and
• removes a requirement for expedited court review of an application for a court order
to compel disclosure of corporate records.
Also makes numerous technical and clarifying amendments, including updating dates to reflect the January 1, 2022, effective date of the act and correcting erroneous cross references.
Referred to the House Appropriations Committee on March 22, 2021
Received in the Senate on April 14, 2021
Signed by Gov. Jay Inslee on May 3, 2021