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New Washington State Nonprofit Corporation Act Revitalizes Law Governing Nonprofit Corporations

Effective for most purposes on 1 January 2022, a new state law overhauls and reforms the governance landscape for nonprofit corporations in the state of Washington. Replacing existing Chapter 24.03 RCW (the “Current Act”) in...more

Chancery Court Rules Inequitable Conduct May Be Considered Within the Scope of a Section 225 Review

In Robert G. Brown v. Lorrence T. Kellar et. al, Civil Action No. 2018-0687-MTZ (Del. Ch. December 21, 2018), the Delaware Court of Chancery granted in part and denied in part a motion for summary judgment by the...more

Tax-Free Cryptocurrency Transactions Could Come with Reporting Obligations

As cryptocurrencies such as Bitcoin and Ethereum become more prevalent in investment circles and acceptable for commercial transactions, the United States Internal Revenue Service (“IRS”) has said little other than to label...more

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