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PDFWAC 98-20-020

Definitions—Sale or transfer of ownership or control of any cemetery.

For purposes of RCW 68.05.115, sale or transfer of ownership or control of any cemetery authority, the following definitions shall apply:
(1) Sale: The purchase of a controlling interest (fifty percent or more) of assets or stock of an existing cemetery corporation.
(2) Ownership: The individual or individuals who own the stock of the cemetery corporation. Any one individual who owns fifty percent or more of the stock is considered an owner. When percentages of stock ownership change, anyone moving into a majority (fifty percent or more) position shall be considered the new owner, and thus subject to the provisions of RCW 68.05.115.
(3) Control: The person or entity who has fifty percent or more of the ownership, or has acquired the right to sell the corporation or its assets.
[Statutory Authority: RCW 68.05.105. WSR 89-08-043 (Order PM 830), § 98-20-020, filed 3/31/89. Statutory Authority: RCW 68.05.100. WSR 86-17-063 (Order 109), § 98-20-020, filed 8/19/86.]
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