The definitions in this section
apply throughout this chapter unless the context clearly requires
otherwise.
(1) "Certificate of formation" means the certificate
referred to in RCW 25.15.070, and the certificate as amended.
(2) "Event of dissociation" means an event that causes a
person to cease to be a member as provided in RCW 25.15.130.
(3) "Foreign limited liability company" means an entity that
is formed under:
(a) The limited liability company laws of any state other
than this state; or
(b) The laws of any foreign country that is: (i) An
unincorporated association, (ii) formed under a statute pursuant
to which an association may be formed that affords to each of its
members limited liability with respect to the liabilities of the
entity, and (iii) not required, in order to transact business or
conduct affairs in this state, to be registered or qualified
under Title 23B or 24 RCW, or any other chapter of the Revised
Code of Washington authorizing the formation of a domestic entity
and the registration or qualification in this state of similar
entities formed under the laws of a jurisdiction other than this
state.
(4) "Limited liability company" and "domestic limited
liability company" means a limited liability company having one
or more members that is organized and existing under this
chapter.
(5) "Limited liability company agreement" means any written
agreement of the members, or any written statement of the sole
member, as to the affairs of a limited liability company and the
conduct of its business which is binding upon the member or
members.
(6) "Limited liability company interest" means a member's
share of the profits and losses of a limited liability company
and a member's right to receive distributions of the limited
liability company's assets.
(7) "Manager" or "managers" means, with respect to a limited
liability company that has set forth in its certificate of
formation that it is to be managed by managers, the person, or
persons designated in accordance with RCW 25.15.150(2).
(8) "Member" means a person who has been admitted to a
limited liability company as a member as provided in RCW 25.15.115 and who has not been dissociated from the limited
liability company.
(9) "Person" means an individual, corporation, business
trust, estate, trust, partnership, limited liability company,
association, joint venture, government, governmental subdivision,
agency, or instrumentality, or a separate legal entity comprised
of two or more of these entities, or any other legal or
commercial entity.
(10) "Professional limited liability company" means a
limited liability company which is organized for the purpose of
rendering professional service and whose certificate of formation
sets forth that it is a professional limited liability company
subject to RCW 25.15.045.
(11) "Professional service" means the same as defined under
RCW 18.100.030.
(12) "State" means the District of Columbia or the
Commonwealth of Puerto Rico or any state, territory, possession,
or other jurisdiction of the United States other than the state
of Washington.
[2008 c 198 § 4; 2002 c 296 § 3; 2000 c 169 § 1; 1995 c 337 § 13; 1994 c 211 § 101.]
NOTES:
Finding -- 2008 c 198: See note following RCW 39.34.030.
Effective date -- 1995 c 337: "This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and shall take effect July 1, 1995." [1995 c 337 § 23.]