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2017 Senate Bill 5011: Concerning the business corporation act
Introduced by Sen. Jamie Pedersen (Seattle) (D) on January 9, 2017
  Official Text and Analysis.
Referred to the Senate Law & Justice Committee on January 9, 2017
Referred to the Senate Rules Committee on January 26, 2017
Establishes a statutory procedure for ratifying and validating defective corporate actions. ? Authorizes forum selection provisions for internal corporate disputes. ?Permits asset drop-down transactions without approval by parent corporation's shareholders. ? Eliminates ten-year term limits on voting trusts and voting agreements. ? Permits short-form downstream mergers.
Passed 49 to 0 in the Senate on February 1, 2017.
    See Who Voted "Yes" and Who Voted "No".
Establishes a statutory procedure for ratifying and validating defective corporate actions.
Received in the House on February 3, 2017
Referred to the House Judiciary Committee on February 3, 2017
Referred to the House Rules Committee on March 31, 2017
Passed 97 to 0 in the House on April 5, 2017.
    See Who Voted "Yes" and Who Voted "No".
Signed by Gov. Jay Inslee on April 17, 2017