§ 48.08.140. Equity security -- Exemptions -- Sales by dealer
The provisions of RCW 48.08.120 shall not apply to any purchase and sale, or sale and purchase, and the provisions of RCW 48.08.130 shall not apply to any sale of an equity security of a domestic stock insurer not then or theretofore held by him in an investment account, by a dealer in the ordinary course of his business and incident to the establishment or maintenance by him of a primary or secondary market (otherwise than on an exchange as defined in the Securities Exchange Act of 1934) for such security. The commissioner may, by such rules and regulations as he deems necessary or appropriate in the public interest, define and prescribe terms and conditions with respect to securities held in an investment account and transactions made in the ordinary course of business and incident to the establishment or maintenance of a primary or secondary market.
[1965 ex.s. c 70 § 9.]
Sections: Previous 48.08.040 48.08.050 48.08.060 48.08.070 48.08.080 48.08.090 48.08.100 48.08.110 48.08.120 48.08.130 48.08.140 48.08.150 48.08.160 48.08.170 48.08.190 NextLast modified: April 7, 2009