Chapter 32.32 RCW

CONVERSION OF MUTUAL SAVINGS BANK TO CAPITAL STOCK SAVINGS BANK

Sections

32.32.010Chapter exclusiveProhibition on conversion without approvalWaiver of requirements.
32.32.015Forms.
32.32.020Request of noncomplianceRequirements.
32.32.025Definitions.
32.32.030Prohibition on approval of certain applications for conversion.
32.32.035Requirements of plan of conversion.
32.32.040Issuance of capital stockPrice.
32.32.042SharesCertificate not required.
32.32.045Stock purchase subscription rightsEligible account holders.
32.32.050Stock purchase subscription rights received by officers, directors, and their associatesSubordination.
32.32.055Supplemental share purchase subscription rightsSupplemental eligible account holderConditions.
32.32.060Sale of shares not sold in subscription offeringMethodsConditions.
32.32.065Limitation on subscription and purchase of shares by person with associate or groupAmount.
32.32.070Limitation on purchase of shares by officers, directors, and their associatesAmount.
32.32.075Prohibition on purchase of shares by officers, directors, and their associatesException.
32.32.080Uniform sales price of shares requiredApplication to specify arrangements on sale of shares not sold in subscription offering.
32.32.085Savings account holder to receive withdrawable savings account(s)Amount.
32.32.090Liquidation accountEstablishment and maintenance required.
32.32.095Establishment of eligibility record date required.
32.32.100Capital stockVoting rights.
32.32.105Amendment and termination of plan of conversion.
32.32.110Restriction on sale of shares of stock by directors and officers.
32.32.115Conditions on shares of stock subject to restriction on sale.
32.32.120Registration of securitiesMarketing of securitiesListing of shares on securities exchange or NASDAQ quotation system.
32.32.125Reasonable expenses required.
32.32.130Plan of conversionProhibited provisions.
32.32.135Plan of conversionPermissible provisions.
32.32.140Purchase of certain shares of stock by directors, officers, and employees permittedConditions.
32.32.145Receipt of certain subscription rights by account holders permittedAmountConditions.
32.32.150Permissible sales of insignificant residue of shares.
32.32.155Limitation on number of shares subscribed in subscription offering permitted.
32.32.160Minimum purchase requirement in exercise of subscription rights permitted.
32.32.165Stock option plan permittedReserved shares.
32.32.170Issuance of securities in lieu of capital stock permittedReferences to capital stock.
32.32.175Approval of other equitable provisions.
32.32.180Amount of qualifying deposit of eligible account holder or supplemental eligible account holder.
32.32.185Liquidation accountEstablishment requiredAmountFunction.
32.32.190Liquidation accountMaintenance requiredSubaccounts.
32.32.195Liquidation accountDistribution upon complete liquidation.
32.32.200Liquidation accountDetermination of subaccount balances.
32.32.205Reduction of subaccount balance.
32.32.210Converted savings bank prohibited from repurchasing its stock without approval.
32.32.215Limitation on cash dividends.
32.32.220Limitation on certain cash dividends within ten years of conversion.
32.32.222Dividends on preferred stock.
32.32.225Prohibitions on offer, sale, or purchase of securities.
32.32.228Acquisition of control of a converted savings bankState reciprocityDefinitions.
32.32.230Nonapproval of conversion unless acquisition of control within three years by certain companies prohibited.
32.32.235Plan of conversionCharter restrictions permitted.
32.32.240Confidentiality of consideration to convertRemedial measures for breach.
32.32.245Public statement authorized.
32.32.250Adoption of plan of conversionNotice to and inspection by account holdersStatement and letterPress release authorized.
32.32.255Statement, letter, and press releaseContent permitted.
32.32.260Statement, letter, and press releaseContents prohibitedInquiries.
32.32.265Notices of filing of applicationRequests for subscription offering circular.
32.32.270Filing of notice and affidavit of publication required.
32.32.275Applications available for public inspectionConfidential information.
32.32.280Offers and sales of securitiesProhibitions.
32.32.285Distribution of offering circulars authorized.
32.32.290Preliminary offering circular for subscription offeringEstimated subscription price range required.
32.32.295Review of price information by director.
32.32.300Underwriting commissions.
32.32.305Consideration of pricing information by directorGuidelines.
32.32.310Submission of information by applicant.
32.32.315Subscription offeringDistribution of order forms for the purchase of shares.
32.32.320Order formsFinal offering circular and detailed instructions.
32.32.325Subscription price.
32.32.330Order formContents.
32.32.335Order formAdditional provision authorizedPayment by withdrawal.
32.32.340Time period for completion of sale of all shares of capital stock.
32.32.345Copies of application for approval to be filed.
32.32.350Nonacceptance and return of applications.
32.32.355Continuity of corporate existence.
32.32.360Form of application.
32.32.365Representations upon filing of application.
32.32.370Representations upon filing of applicationException.
32.32.375Application to furnish information.
32.32.380ApplicationAdditional information required.
32.32.385Omission of certain information permittedConditions.
32.32.390Offering circularCertain manner of presentation of required information prohibited.
32.32.395Form and contents of filings.
32.32.400Conformance required to order prohibiting the use of any filing.
32.32.405ApplicationCertain named personsFiling of written consent required.
32.32.410Offering circularCertain named personsFiling of written consent required.
32.32.415Date of receiptDate of filing.
32.32.420Availability for conferences in advance of filing of applicationRefusal of prefiling review.
32.32.425Appeal from refusal to approve application.
32.32.430Postconversion reports.
32.32.435Definitions.
32.32.440Certain agreement to transfer and transfers of ownership in rights or securities prohibited.
32.32.445Certain offers and announcements on securities prohibited.
32.32.450Certain offers and acquisitions prohibited.
32.32.455Nonapplicability of RCW 32.32.440 and 32.32.445.
32.32.460Nonapplicability of RCW 32.32.445 and 32.32.450.
32.32.465Nonapplicability of RCW 32.32.450.
32.32.470Approval of certain applications prohibited.
32.32.475Penalty for violations.
32.32.480Name of converted savings bank.
32.32.485Amendments to charter required in applicationArticles of incorporationFiling of certificate requiredContentsIssuance and filing of authorization certificate.
32.32.490Amendments to articles of incorporation.
32.32.495DirectorsElectionMeetingsQuorumOathVacancies.
32.32.497Conversions incident to acquisition by savings bank holding company or merger or consolidation with savings bank holding company subsidiaryApplication of RCW 32.32.110 and 32.32.115.
32.32.500Merger, consolidation, conversion, etc.ApprovalConcentration limits.
32.32.505IntentReferences in the Revised Code of Washington.
32.32.515Guaranty fund.
32.32.520"Funds" defined.
32.32.525Prohibition on certain securities and purchasesException.
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