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Wash. Rev. Code ch. 32.32 – Conversion of mutual savings bank to capital stock savings bank. | Midpage
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Revised Code of Washington
Title 32
Chapter 32.32
Wash. Rev. Code ch. 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.