Revised Code of Washington - RCW Title 32 Mutual Savings Banks - Section 32.32.325 Subscription price

§ 32.32.325. Subscription price

The maximum subscription price stated on each order form distributed pursuant to RCW 32.32.315 shall be the amount to be paid when the order form is returned. The maximum subscription price and the actual subscription price shall be within the subscription price range stated in the director's approval and the offering circular. If either the maximum subscription price or the actual subscription price is not within this subscription price range, the applicant shall obtain an amendment to the director's approval. If appropriate, the director shall condition the giving of amended approval by requiring a resolicitation of order forms. If the actual public offering price is less than the maximum subscription price stated on the order form, the actual subscription price shall be correspondingly reduced and the difference shall be refunded to those who have paid the maximum subscription price.

[1994 c 92 § 382; 1981 c 85 § 64.]

Sections:  Previous  32.32.290  32.32.295  32.32.300  32.32.305  32.32.310  32.32.315  32.32.320  32.32.325  32.32.330  32.32.335  32.32.340  32.32.345  32.32.350  32.32.355  32.32.360  Next

Last modified: April 7, 2009