Washington – Bill Amends Business Organizations Code

Senate Bill 5040 (Chapter 31) signed by the governor April 17 and effective July 23 amended the Business Organizations Code to (1) require a certificate of existence/registration for a foreign entity to include the date the entity qualified, that the entity’s registration to do business in the state has not been terminated, and there is no administrative action pending to terminate the entity’s registration; (2) clarify that penalties for failure to file a full and complete initial report apply only to domestic corporations, and (3) clarify that a registered foreign entity withdrawing a registration need only file a revenue clearance certificate if it is a foreign corporation.