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 32.32.440. Certain agreement to transfer and transfers of ownership in rights or securities prohibited.
Latest version.
- Prior to completion of a conversion, no person may transfer or enter into any agreement or understanding to transfer the legal or beneficial ownership of conversion subscription rights, or the underlying securities, to the account of another.