RCW 24.03A.165Property held for charitable purposes.(1) Property owned by a nonprofit corporation is held for charitable purposes if:(a) The corporation is a charitable corporation;(b) The property is subject to restrictions contained in a gift instrument that limit its use only to one or more charitable purposes; or(c) The property is subject to restrictions contained in the corporation's articles, bylaws, or any record adopted by the corporation's board, or to other limitations in the form of a record, that limit its use only to one or more charitable purposes.(2) In no event may property held for charitable purposes be distributed in a manner inconsistent with RCW 24.03A.155, 24.03A.900, or 24.03A.906.[ 2021 c 176 s 1408.]NOTES:Effective date—2021 c 176: See note following RCW 24.03A.005.
Washington Legal Code