[WSBARP] Property Owned by Inactive Foreign Corporation

[David Hastings]

I have a potential client who wants to buy a piece of property located 
in Washington. The property is owned by an active AZ corporation. The 
corporation was registered to do business in Washington, but that 
registration has expired. The corporation was formed to hold the piece 
of property in question, and has no other assets.

My initial reaction is that the sale of the property would be an 
isolated transaction under RCW 23.95.520(i), and that the AZ corporation 
doesn't need to re-register before closing the sale. But I haven't dealt 
with anything like this before- am I missing something?

     -David Hastings