{"data":{"id":"us-wa/rcw-23b.08.710","jurisdiction":"us-wa","citation":"RCW 23B.08.710","heading":"Judicial action.","body":"(1) A transaction effected or proposed to be effected by a corporation, or by a subsidiary of the corporation or any other entity in which the corporation has a controlling interest, that is not a director's conflicting interest transaction may not be enjoined, set aside, or give rise to an award of damages or other sanctions, in a proceeding by a shareholder or by or in the right of the corporation, because a director of the corporation, or any person with whom or which the director has a personal, economic, or other association, has an interest in the transaction.\n(2) A director's conflicting interest transaction may not be enjoined, set aside, or give rise to an award of damages or other sanctions, in a proceeding by a shareholder or by or in the right of the corporation, because the director, or any person with whom or which the director has a personal, economic, or other association, has an interest in the transaction, if:\n(a) Directors' action respecting the transaction was at any time taken in compliance with RCW 23B.08.720;\n(b) Shareholders' action respecting the transaction was at any time taken in compliance with RCW 23B.08.730; or\n(c) The transaction, judged according to the circumstances at the time of commitment, is established to have been fair to the corporation.","path":["Title 23B","Chapter 23B.08"],"source_url":"https://app.leg.wa.gov/rcw/default.aspx?cite=23B.08.710","current_through":"July 15, 2026","vintage":"","retrieved_at":"2026-09-06T01:38:21Z","sha256":"9f262799ca9767046b1620815c4e8471dd1d579d2c3d37aba0af94102cd68cb9","source_id":"us-wa","stale":false,"prev":"us-wa/rcw-23b.08.700","next":"us-wa/rcw-23b.08.720"},"notice":"GroundRules: Original legal text. Not legal advice."}