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U.S. State Codes
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Washington
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Title 32 - Washington Savin...
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Chapter 32.32 - Conversion of Mutual Savings Ba...
Chapter 32.32 - Conversion of Mutual Savings Bank to Capital Stock Savings Bank.
32.32.010 Chapter exclusive—Prohibition on conversion without approval—Waiver of requirements.
32.32.015 Forms.
32.32.020 Request of noncompliance—Requirements.
32.32.025 Definitions.
32.32.030 Prohibition on approval of certain applications for conversion.
32.32.035 Requirements of plan of conversion.
32.32.040 Issuance of capital stock—Price.
32.32.042 Shares—Certificate not required.
32.32.045 Stock purchase subscription rights—Eligible account holders.
32.32.050 Stock purchase subscription rights received by officers, directors, and their associates—Subordination.
32.32.055 Supplemental share purchase subscription rights—Supplemental eligible account holder—Conditions.
32.32.060 Sale of shares not sold in subscription offering—Methods—Conditions.
32.32.065 Limitation on subscription and purchase of shares by person with associate or group—Amount.
32.32.070 Limitation on purchase of shares by officers, directors, and their associates—Amount.
32.32.075 Prohibition on purchase of shares by officers, directors, and their associates—Exception.
32.32.080 Uniform sales price of shares required—Application to specify arrangements on sale of shares not sold in subscription offering.
32.32.085 Savings account holder to receive withdrawable savings account(s)—Amount.
32.32.090 Liquidation account—Establishment and maintenance required.
32.32.095 Establishment of eligibility record date required.
32.32.100 Capital stock—Voting rights.
32.32.105 Amendment and termination of plan of conversion.
32.32.110 Restriction on sale of shares of stock by directors and officers.
32.32.115 Conditions on shares of stock subject to restriction on sale.
32.32.120 Registration of securities—Marketing of securities—Listing of shares on securities exchange or NASDAQ quotation system.
32.32.125 Reasonable expenses required.
32.32.130 Plan of conversion—Prohibited provisions.
32.32.135 Plan of conversion—Permissible provisions.
32.32.140 Purchase of certain shares of stock by directors, officers, and employees permitted—Conditions.
32.32.145 Receipt of certain subscription rights by account holders permitted—Amount—Conditions.
32.32.150 Permissible sales of insignificant residue of shares.
32.32.155 Limitation on number of shares subscribed in subscription offering permitted.
32.32.160 Minimum purchase requirement in exercise of subscription rights permitted.
32.32.165 Stock option plan permitted—Reserved shares.
32.32.170 Issuance of securities in lieu of capital stock permitted—References to capital stock.
32.32.175 Approval of other equitable provisions.
32.32.180 Amount of qualifying deposit of eligible account holder or supplemental eligible account holder.
32.32.185 Liquidation account—Establishment required—Amount—Function.
32.32.190 Liquidation account—Maintenance required—Subaccounts.
32.32.195 Liquidation account—Distribution upon complete liquidation.
32.32.200 Liquidation account—Determination of subaccount balances.
32.32.205 Reduction of subaccount balance.
32.32.210 Converted savings bank prohibited from repurchasing its stock without approval.
32.32.215 Limitation on cash dividends.
32.32.220 Limitation on certain cash dividends within ten years of conversion.
32.32.222 Dividends on preferred stock.
32.32.225 Prohibitions on offer, sale, or purchase of securities.
32.32.228 Acquisition of control of a converted savings bank—State reciprocity—Definitions.
32.32.230 Nonapproval of conversion unless acquisition of control within three years by certain companies prohibited.
32.32.235 Plan of conversion—Charter restrictions permitted.
32.32.240 Confidentiality of consideration to convert—Remedial measures for breach.
32.32.245 Public statement authorized.
32.32.250 Adoption of plan of conversion—Notice to and inspection by account holders—Statement and letter—Press release authorized.
32.32.255 Statement, letter, and press release—Content permitted.
32.32.260 Statement, letter, and press release—Contents prohibited—Inquiries.
32.32.265 Notices of filing of application—Requests for subscription offering circular.
32.32.270 Filing of notice and affidavit of publication required.
32.32.275 Applications available for public inspection—Confidential information.
32.32.280 Offers and sales of securities—Prohibitions.
32.32.285 Distribution of offering circulars authorized.
32.32.290 Preliminary offering circular for subscription offering—Estimated subscription price range required.
32.32.295 Review of price information by director.
32.32.300 Underwriting commissions.
32.32.305 Consideration of pricing information by director—Guidelines.
32.32.310 Submission of information by applicant.
32.32.315 Subscription offering—Distribution of order forms for the purchase of shares.
32.32.320 Order forms—Final offering circular and detailed instructions.
32.32.325 Subscription price.
32.32.330 Order form—Contents.
32.32.335 Order form—Additional provision authorized—Payment by withdrawal.
32.32.340 Time period for completion of sale of all shares of capital stock.
32.32.345 Copies of application for approval to be filed.
32.32.350 Nonacceptance and return of applications.
32.32.355 Continuity of corporate existence.
32.32.360 Form of application.
32.32.365 Representations upon filing of application.
32.32.370 Representations upon filing of application—Exception.
32.32.375 Application to furnish information.
32.32.380 Application—Additional information required.
32.32.385 Omission of certain information permitted—Conditions.
32.32.390 Offering circular—Certain manner of presentation of required information prohibited.
32.32.395 Form and contents of filings.
32.32.400 Conformance required to order prohibiting the use of any filing.
32.32.405 Application—Certain named persons—Filing of written consent required.
32.32.410 Offering circular—Certain named persons—Filing of written consent required.
32.32.415 Date of receipt—Date of filing.
32.32.420 Availability for conferences in advance of filing of application—Refusal of prefiling review.
32.32.425 Appeal from refusal to approve application.
32.32.430 Postconversion reports.
32.32.435 Definitions.
32.32.440 Certain agreement to transfer and transfers of ownership in rights or securities prohibited.
32.32.445 Certain offers and announcements on securities prohibited.
32.32.450 Certain offers and acquisitions prohibited.
32.32.455 Nonapplicability of RCW 32.32.440 and 32.32.445.
32.32.460 Nonapplicability of RCW 32.32.445 and 32.32.450.
32.32.465 Nonapplicability of RCW 32.32.450.
32.32.470 Approval of certain applications prohibited.
32.32.475 Penalty for violations.
32.32.480 Name of converted savings bank.
32.32.485 Amendments to charter required in application—Articles of incorporation—Filing of certificate required—Contents—Issuance and filing of authorization certificate.
32.32.490 Amendments to articles of incorporation.
32.32.495 Directors—Election—Meetings—Quorum—Oath—Vacancies.
32.32.497 Conversions incident to acquisition by savings bank holding company or merger or consolidation with savings bank holding company subsidiary—Application of RCW 32.32.110 and 32.32.115.
32.32.500 Merger, consolidation, conversion, etc.—Approval—Concentration limits.
32.32.505 Intent—References in the Revised Code of Washington.
32.32.515 Guaranty fund.
32.32.520 "Funds" defined.
32.32.525 Prohibition on certain securities and purchases—Exception.