§ 32.32.065. Limitation on subscription and purchase of shares by person with associate or group -- Amount
The number of shares which any person together with any associate or group of persons acting in concert may subscribe for or purchase in the conversion shall not exceed five percent of the total offering of shares. For purposes of this section, the members of the converting savings bank's board of directors shall not be deemed to be associates or a group acting in concert solely as a result of their board membership.
[1981 c 85 § 12.]
Sections: Previous 32.32.035 32.32.040 32.32.042 32.32.045 32.32.050 32.32.055 32.32.060 32.32.065 32.32.070 32.32.075 32.32.080 32.32.085 32.32.090 32.32.095 32.32.100 NextLast modified: April 7, 2009