Section 326-20-060 - Community ownership(1) When an ownership interest arises in a nonapplicant spouse or registered domestic partner solely because of community property laws, the agency will not disqualify the applicant if both parties certify that: (a) Only the applicant spouse or registered domestic partner participates in the management of the busi-ness; and(b) The nonparticipating spouse or registered domestic partner relinquishes control over his/her community interest in the business.(2) When an ownership interest arising in a nonapplicant spouse or registered domestic partner solely because of community property laws, the agency will not disqualify the applicant because of a provision for the nonapplicant spouse or domestic partner to cosign a financing agreement, contract for the purchase or sale of real or personal property, bank signature card, or other document. (3) The agency must give particular scrutiny to the ownership and control of a firm to ensure it is owned and controlled, in substance as well as in form, by a socially and economically disadvantaged individual, when the ownership of the firm or its assets is transferred from a spouse or registered domestic partner who is not a socially and economically dis-advantaged individual.Wash. Admin. Code § 326-20-060
Amended by WSR 19-13-014, Filed 6/7/2019, effective 7/8/2019Statutory Authority: RCW 39.19.030(7). 92-11-007, § 326-20-060, filed 5/11/92, effective 6/11/92. Statutory Authority: Chapter 39.19 RCW. 84-09-002 (Order 84-5), § 326-20-060, filed 4/5/84. Statutory Authority: 1983 c 120 §3(7). 83-22-045 (Order 83-3), § 326-20-060, filed 10/28/83.