Conversion of Mutual Savings Bank to Capital Stock Savings Bank.

  1. Law
  2. Revised Code of Washington
  3. Washington Savings Bank Act
  4. Conversion of Mutual Savings Bank to Capital Stock Savings Bank.

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Section
32.32.010

Chapter exclusive—Prohibition on conversion without approval—Waiver of requirements.

Section
32.32.015

Forms.

Section
32.32.020

Request of noncompliance—Requirements.

Section
32.32.025

Definitions.

Section
32.32.030

Prohibition on approval of certain applications for conversion.

Section
32.32.035

Requirements of plan of conversion.

Section
32.32.040

Issuance of capital stock—Price.

Section
32.32.042

Shares—Certificate not required.

Section
32.32.045

Stock purchase subscription rights—Eligible account holders.

Section
32.32.050

Stock purchase subscription rights received by officers, directors, and their associates—Subordination.

Section
32.32.055

Supplemental share purchase subscription rights—Supplemental eligible account holder—Conditions.

Section
32.32.060

Sale of shares not sold in subscription offering—Methods—Conditions.

Section
32.32.065

Limitation on subscription and purchase of shares by person with associate or group—Amount.

Section
32.32.070

Limitation on purchase of shares by officers, directors, and their associates—Amount.

Section
32.32.075

Prohibition on purchase of shares by officers, directors, and their associates—Exception.

Section
32.32.080

Uniform sales price of shares required—Application to specify arrangements on sale of shares not sold in subscription offering.

Section
32.32.085

Savings account holder to receive withdrawable savings account(s)—Amount.

Section
32.32.090

Liquidation account—Establishment and maintenance required.

Section
32.32.095

Establishment of eligibility record date required.

Section
32.32.100

Capital stock—Voting rights.

Section
32.32.105

Amendment and termination of plan of conversion.

Section
32.32.110

Restriction on sale of shares of stock by directors and officers.

Section
32.32.115

Conditions on shares of stock subject to restriction on sale.

Section
32.32.120

Registration of securities—Marketing of securities—Listing of shares on securities exchange or NASDAQ quotation system.

Section
32.32.125

Reasonable expenses required.

Section
32.32.130

Plan of conversion—Prohibited provisions.

Section
32.32.135

Plan of conversion—Permissible provisions.

Section
32.32.140

Purchase of certain shares of stock by directors, officers, and employees permitted—Conditions.

Section
32.32.145

Receipt of certain subscription rights by account holders permitted—Amount—Conditions.

Section
32.32.150

Permissible sales of insignificant residue of shares.

Section
32.32.155

Limitation on number of shares subscribed in subscription offering permitted.

Section
32.32.160

Minimum purchase requirement in exercise of subscription rights permitted.

Section
32.32.165

Stock option plan permitted—Reserved shares.

Section
32.32.170

Issuance of securities in lieu of capital stock permitted—References to capital stock.

Section
32.32.175

Approval of other equitable provisions.

Section
32.32.180

Amount of qualifying deposit of eligible account holder or supplemental eligible account holder.

Section
32.32.185

Liquidation account—Establishment required—Amount—Function.

Section
32.32.190

Liquidation account—Maintenance required—Subaccounts.

Section
32.32.195

Liquidation account—Distribution upon complete liquidation.

Section
32.32.200

Liquidation account—Determination of subaccount balances.

Section
32.32.205

Reduction of subaccount balance.

Section
32.32.210

Converted savings bank prohibited from repurchasing its stock without approval.

Section
32.32.215

Limitation on cash dividends.

Section
32.32.220

Limitation on certain cash dividends within ten years of conversion.

Section
32.32.222

Dividends on preferred stock.

Section
32.32.225

Prohibitions on offer, sale, or purchase of securities.

Section
32.32.228

Acquisition of control of a converted savings bank—State reciprocity—Definitions.

Section
32.32.230

Nonapproval of conversion unless acquisition of control within three years by certain companies prohibited.

Section
32.32.235

Plan of conversion—Charter restrictions permitted.

Section
32.32.240

Confidentiality of consideration to convert—Remedial measures for breach.

Section
32.32.245

Public statement authorized.

Section
32.32.250

Adoption of plan of conversion—Notice to and inspection by account holders—Statement and letter—Press release authorized.

Section
32.32.255

Statement, letter, and press release—Content permitted.

Section
32.32.260

Statement, letter, and press release—Contents prohibited—Inquiries.

Section
32.32.265

Notices of filing of application—Requests for subscription offering circular.

Section
32.32.270

Filing of notice and affidavit of publication required.

Section
32.32.275

Applications available for public inspection—Confidential information.

Section
32.32.280

Offers and sales of securities—Prohibitions.

Section
32.32.285

Distribution of offering circulars authorized.

Section
32.32.290

Preliminary offering circular for subscription offering—Estimated subscription price range required.

Section
32.32.295

Review of price information by director.

Section
32.32.300

Underwriting commissions.

Section
32.32.305

Consideration of pricing information by director—Guidelines.

Section
32.32.310

Submission of information by applicant.

Section
32.32.315

Subscription offering—Distribution of order forms for the purchase of shares.

Section
32.32.320

Order forms—Final offering circular and detailed instructions.

Section
32.32.325

Subscription price.

Section
32.32.330

Order form—Contents.

Section
32.32.335

Order form—Additional provision authorized—Payment by withdrawal.

Section
32.32.340

Time period for completion of sale of all shares of capital stock.

Section
32.32.345

Copies of application for approval to be filed.

Section
32.32.350

Nonacceptance and return of applications.

Section
32.32.355

Continuity of corporate existence.

Section
32.32.360

Form of application.

Section
32.32.365

Representations upon filing of application.

Section
32.32.370

Representations upon filing of application—Exception.

Section
32.32.375

Application to furnish information.

Section
32.32.380

Application—Additional information required.

Section
32.32.385

Omission of certain information permitted—Conditions.

Section
32.32.390

Offering circular—Certain manner of presentation of required information prohibited.

Section
32.32.395

Form and contents of filings.

Section
32.32.400

Conformance required to order prohibiting the use of any filing.

Section
32.32.405

Application—Certain named persons—Filing of written consent required.

Section
32.32.410

Offering circular—Certain named persons—Filing of written consent required.

Section
32.32.415

Date of receipt—Date of filing.

Section
32.32.420

Availability for conferences in advance of filing of application—Refusal of prefiling review.

Section
32.32.425

Appeal from refusal to approve application.

Section
32.32.430

Postconversion reports.

Section
32.32.435

Definitions.

Section
32.32.440

Certain agreement to transfer and transfers of ownership in rights or securities prohibited.

Section
32.32.445

Certain offers and announcements on securities prohibited.

Section
32.32.450

Certain offers and acquisitions prohibited.

Section
32.32.455

Nonapplicability of RCW 32.32.440 and 32.32.445.

Section
32.32.460

Nonapplicability of RCW 32.32.445 and 32.32.450.

Section
32.32.465

Nonapplicability of RCW 32.32.450.

Section
32.32.470

Approval of certain applications prohibited.

Section
32.32.475

Penalty for violations.

Section
32.32.480

Name of converted savings bank.

Section
32.32.485

Amendments to charter required in application—Articles of incorporation—Filing of certificate required—Contents—Issuance and filing of authorization certificate.

Section
32.32.490

Amendments to articles of incorporation.

Section
32.32.495

Directors—Election—Meetings—Quorum—Oath—Vacancies.

Section
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.

Section
32.32.500

Merger, consolidation, conversion, etc.—Approval—Concentration limits.

Section
32.32.505

Intent—References in the Revised Code of Washington.

Section
32.32.515

Guaranty fund.

Section
32.32.520

"Funds" defined.

Section
32.32.525

Prohibition on certain securities and purchases—Exception.