RCW 33.48.230
Sales of stock—Imposition of conditions.
With respect to sales of stock by an association, the director may impose conditions requiring the impoundment of the proceeds from the sale of stock, limiting the expense in connection with the sale of such stock, and other conditions as he or she deems reasonable and necessary or advisable to insure the disposition of the proceeds from the sale of such stock in the manner and for the purposes provided in the permit.
[ 1994 c 92 § 488; 1982 c 3 § 105; 1973 c 130 § 13.]
NOTES:
Severability—1982 c 3: See note following RCW 33.04.002.
Severability—1973 c 130: See note following RCW 33.24.350.
Structure Revised Code of Washington
Title 33 - Washington Savings Association Act
Chapter 33.48 - Stock Associations.
33.48.025 - Applicability of chapter 23B.06 RCW.
33.48.040 - Stock dividends, when.
33.48.080 - Member's proprietary interest—Subordinate to claims of creditors.
33.48.090 - Dividends only if interest paid on deposits.
33.48.100 - Conversion procedure—Domestic stock to domestic mutual association.
33.48.130 - Withdrawal of charter amendment or conversion application.
33.48.140 - Legislative intent—Chapter to control over conflicting provisions.
33.48.150 - Organizing permit—Required.
33.48.160 - Organizing permit—Application.
33.48.170 - Organizing permit—Conditions.
33.48.180 - Permit authorizing sale of stock—Applicability.
33.48.200 - Permit authorizing sale of stock—Application—Contents.
33.48.210 - Permit authorizing sale of stock—Examination and investigation—Issuance or denial.
33.48.220 - Recitation in permit to take subscriptions for stock.
33.48.230 - Sales of stock—Imposition of conditions.
33.48.240 - Organizing permit—Amendment, alteration, suspension, or revocation by director—Grounds.
33.48.250 - Purchase by association of stock issued by it—Conditions.
33.48.260 - Reduction of stock—Conditions.
33.48.270 - Reduction of stock—Disposition of surplus.
33.48.290 - RCW 33.48.150 through 33.48.280 inapplicable to foreign associations.