Revised Code of Washington (RCW) (Last Updated: August 9, 2016) |
Title 32. WASHINGTON SAVINGS BANK ACT |
Chapter 32.32. Conversion of mutual savings bank to capital stock savings bank. |
Section 32.32.010. Chapter exclusive—Prohibition on conversion without approval—Waiver of requirements. |
Section 32.32.015. Forms. |
Section 32.32.020. Request of noncompliance—Requirements. |
Section 32.32.025. Definitions. |
Section 32.32.030. Prohibition on approval of certain applications for conversion. |
Section 32.32.035. Requirements of plan of conversion. |
Section 32.32.040. Issuance of capital stock—Price. |
Section 32.32.042. Shares—Certificate not required. |
Section 32.32.045. Stock purchase subscription rights—Eligible account holders. |
Section 32.32.050. Stock purchase subscription rights received by officers, directors, and their associates—Subordination. |
Section 32.32.055. Supplemental share purchase subscription rights—Supplemental eligible account holder—Conditions. |
Section 32.32.060. Sale of shares not sold in subscription offering—Methods—Conditions. |
Section 32.32.065. Limitation on subscription and purchase of shares by person with associate or group—Amount. |
Section 32.32.070. Limitation on purchase of shares by officers, directors, and their associates—Amount. |
Section 32.32.075. Prohibition on purchase of shares by officers, directors, and their associates—Exception. |
Section 32.32.080. Uniform sales price of shares required—Application to specify arrangements on sale of shares not sold in subscription offering. |
Section 32.32.085. Savings account holder to receive withdrawable savings account(s)—Amount. |
Section 32.32.090. Liquidation account—Establishment and maintenance required. |
Section 32.32.095. Establishment of eligibility record date required. |
Section 32.32.100. Capital stock—Voting rights. |
Section 32.32.105. Amendment and termination of plan of conversion. |
Section 32.32.110. Restriction on sale of shares of stock by directors and officers. |
Section 32.32.115. Conditions on shares of stock subject to restriction on sale. |
Section 32.32.120. Registration of securities—Marketing of securities—Listing of shares on securities exchange or NASDAQ quotation system. |
Section 32.32.125. Reasonable expenses required. |
Section 32.32.130. Plan of conversion—Prohibited provisions. |
Section 32.32.135. Plan of conversion—Permissible provisions. |
Section 32.32.140. Purchase of certain shares of stock by directors, officers, and employees permitted—Conditions. |
Section 32.32.145. Receipt of certain subscription rights by account holders permitted—Amount—Conditions. |
Section 32.32.150. Permissible sales of insignificant residue of shares. |
Section 32.32.155. Limitation on number of shares subscribed in subscription offering permitted. |
Section 32.32.160. Minimum purchase requirement in exercise of subscription rights permitted. |
Section 32.32.165. Stock option plan permitted—Reserved shares. |
Section 32.32.170. Issuance of securities in lieu of capital stock permitted—References to capital stock. |
Section 32.32.175. Approval of other equitable provisions. |
Section 32.32.180. Amount of qualifying deposit of eligible account holder or supplemental eligible account holder. |
Section 32.32.185. Liquidation account—Establishment required—Amount—Function. |
Section 32.32.190. Liquidation account—Maintenance required—Subaccounts. |
Section 32.32.195. Liquidation account—Distribution upon complete liquidation. |
Section 32.32.200. Liquidation account—Determination of subaccount balances. |
Section 32.32.205. Reduction of subaccount balance. |
Section 32.32.210. Converted savings bank prohibited from repurchasing its stock without approval. |
Section 32.32.215. Limitation on cash dividends. |
Section 32.32.220. Limitation on certain cash dividends within ten years of conversion. |
Section 32.32.222. Dividends on preferred stock. |
Section 32.32.225. Prohibitions on offer, sale, or purchase of securities. |
Section 32.32.228. Acquisition of control of a converted savings bank—State reciprocity—Definitions. |
Section 32.32.230. Nonapproval of conversion unless acquisition of control within three years by certain companies prohibited. |
Section 32.32.235. Plan of conversion—Charter restrictions permitted. |
Section 32.32.240. Confidentiality of consideration to convert—Remedial measures for breach. |
Section 32.32.245. Public statement authorized. |
Section 32.32.250. Adoption of plan of conversion—Notice to and inspection by account holders—Statement and letter—Press release authorized. |
Section 32.32.255. Statement, letter, and press release—Content permitted. |
Section 32.32.260. Statement, letter, and press release—Contents prohibited—Inquiries. |
Section 32.32.265. Notices of filing of application—Requests for subscription offering circular. |
Section 32.32.270. Filing of notice and affidavit of publication required. |
Section 32.32.275. Applications available for public inspection—Confidential information. |
Section 32.32.280. Offers and sales of securities—Prohibitions. |
Section 32.32.285. Distribution of offering circulars authorized. |
Section 32.32.290. Preliminary offering circular for subscription offering—Estimated subscription price range required. |
Section 32.32.295. Review of price information by director. |
Section 32.32.300. Underwriting commissions. |
Section 32.32.305. Consideration of pricing information by director—Guidelines. |
Section 32.32.310. Submission of information by applicant. |
Section 32.32.315. Subscription offering—Distribution of order forms for the purchase of shares. |
Section 32.32.320. Order forms—Final offering circular and detailed instructions. |
Section 32.32.325. Subscription price. |
Section 32.32.330. Order form—Contents. |
Section 32.32.335. Order form—Additional provision authorized—Payment by withdrawal. |
Section 32.32.340. Time period for completion of sale of all shares of capital stock. |
Section 32.32.345. Copies of application for approval to be filed. |
Section 32.32.350. Nonacceptance and return of applications. |
Section 32.32.355. Continuity of corporate existence. |
Section 32.32.360. Form of application. |
Section 32.32.365. Representations upon filing of application. |
Section 32.32.370. Representations upon filing of application—Exception. |
Section 32.32.375. Application to furnish information. |
Section 32.32.380. Application—Additional information required. |
Section 32.32.385. Omission of certain information permitted—Conditions. |
Section 32.32.390. Offering circular—Certain manner of presentation of required information prohibited. |
Section 32.32.395. Form and contents of filings. |
Section 32.32.400. Conformance required to order prohibiting the use of any filing. |
Section 32.32.405. Application—Certain named persons—Filing of written consent required. |
Section 32.32.410. Offering circular—Certain named persons—Filing of written consent required. |
Section 32.32.415. Date of receipt—Date of filing. |
Section 32.32.420. Availability for conferences in advance of filing of application—Refusal of prefiling review. |
Section 32.32.425. Appeal from refusal to approve application. |
Section 32.32.430. Postconversion reports. |
Section 32.32.435. Definitions. |
Section 32.32.440. Certain agreement to transfer and transfers of ownership in rights or securities prohibited. |
Section 32.32.445. Certain offers and announcements on securities prohibited. |
Section 32.32.450. Certain offers and acquisitions prohibited. |
Section 32.32.455. Nonapplicability of RCW 32.32.440 and 32.32.445. |
Section 32.32.460. Nonapplicability of RCW 32.32.445 and 32.32.450. |
Section 32.32.465. Nonapplicability of RCW 32.32.450. |
Section 32.32.470. Approval of certain applications prohibited. |
Section 32.32.475. Penalty for violations. |
Section 32.32.480. Name of converted savings bank. |
Section 32.32.485. Amendments to charter required in application—Articles of incorporation—Filing of certificate required—Contents—Issuance and filing of authorization certificate. |
Section 32.32.490. Amendments to articles of incorporation. |
Section 32.32.495. Directors—Election—Meetings—Quorum—Oath—Vacancies. |
Section 32.32.500. Merger, consolidation, conversion, etc.—Approval—Concentration limits. |
Section 32.32.505. Intent—References in the Revised Code of Washington. |
Section 32.32.515. Guaranty fund. |
Section 32.32.520. "Funds" defined. |
Section 32.32.525. Prohibition on certain securities and purchases—Exception. |