Washington § 31.24.130 - First meeting — Notice — Duties of incorporators.

Full text of Washington Revised Code of Washington § 31.24.130 — First meeting — Notice — Duties of incorporators., with citation guidance and answers to common questions.

§ 31.24.130. First meeting — Notice — Duties of incorporators.

(1) The first meeting of a business development company shall be called by a notice signed by three or more of the incorporators, stating the time, place, and purpose of the meeting, a copy of which notice shall be mailed, or delivered, to each incorporator at least five days before the day appointed for the meeting. The first meeting may be held without such notice upon agreement in writing to that effect signed by all the incorporators. A copy of the notice or unanimous agreement of the incorporators shall be recorded in the minutes of the first meeting.
(2) At the first meeting, the incorporators shall, consistent with Title 23B RCW:
(a) Choose a temporary recording secretary;
(b) Adopt bylaws;
(c) Elect directors; and
(d) Engage in other business within the powers of the business development company as the incorporators present may see fit.
(3) Upon being sworn in at the first meeting, the temporary recording secretary shall make and attest a record of the proceedings.
(4) At least five of the incorporators shall constitute a quorum for the transaction of business at a first meeting.
[ 2006 c 87 s 16; 1963 c 162 s 13.]

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 31.24.130

What does Revised Code of Washington § 31.24.130 cover?

Section 31.24.130 ("First meeting — Notice — Duties of incorporators.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 31.24.130?

A common citation format is "Revised Code of Washington § 31.24.130" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 31.24.130 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

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