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Conversion of Mutual Savings Bank to Capital Stock Savings Bank.
Law
Revised Code of Washington
Washington Savings Bank Act
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.