Section 33.48.150. Organizing permit—Required.

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No subscriptions or funds from proposed stockholders of any proposed association, prior to its incorporation and prior to a decision by the director on its application for approval of its articles of incorporation, may be solicited or taken until a verified application for an organizing permit has been filed and a permit has been issued by the director authorizing such subscription or collection of funds and then, only in accordance with the terms of such permit.

[ 1994 c 92 § 481; 1973 c 130 § 6.]

NOTES:
Severability—1973 c 130: See note following RCW 33.24.350.
Definitions—1973 c 130: See RCW 33.24.350.

1994 c 92 § 481; 1973 c 130 § 6.

                    
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