§ 33.48.190. Permit authorizing sale of guaranty stock -- Required prior to sale of issued or outstanding stock
No issued and outstanding stock of an association shall be sold or offered for sale to the public, nor shall subscriptions be solicited or taken for such sales until the association or the selling stockholders have applied for and secured from the director a permit authorizing the sale of the guaranty stock.
This section shall not apply to an offering involving less than ten percent of the issued and outstanding guaranty stock of an association and less than five hundred thousand dollars nor to an offering made under a registration statement filed under the Securities Act of 1933 (48 Stat. 74; 15 U.S.C. Sec. 77a).
[1994 c 92 § 485; 1973 c 130 § 9.]
Notes:
Severability -- 1973 c 130: See note following RCW 33.24.350.
Definitions -- 1973 c 130: See RCW 33.24.350.
Sections: Previous 33.48.120 33.48.130 33.48.140 33.48.150 33.48.160 33.48.170 33.48.180 33.48.190 33.48.200 33.48.210 33.48.220 33.48.230 33.48.240 33.48.250 33.48.260 Next
Last modified: April 7, 2009