Revised Code of Washington
Chapter 32.32 - Conversion of Mutual Savings Bank to Capital Stock Savings Bank.
32.32.135 - Plan of conversion—Permissible provisions.

Revised Code of Washington

Title 32 - Washington Savings Bank Act

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.