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

  1. Law
  2. Revised Code of Washington
  3. Washington Savings Bank Act
  4. Conversion of Mutual Savings Bank to Capital Stock Savings Bank.
  5. Registration of securities—Marketing of securities—Listing of shares on securities exchange or NASDAQ quotation system.

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A converted savings bank or holding company formed under chapter 32.34 RCW shall:

(1) Promptly following its conversion register the securities issued in connection therewith pursuant to the Securities and Exchange Act of 1934 and undertake not to deregister the securities for a period of three years thereafter;

(2) Use its best efforts to encourage and assist a market maker to establish and maintain a market for the securities issued in connection with the conversion; and

(3) Use its best efforts to list those shares issued in connection with the conversion on a national or regional securities exchange or on the NASDAQ quotation system.

[ 1985 c 56 § 19; 1981 c 85 § 23.]


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