33.48.140  <<  33.48.150 >>   33.48.160

Organizing permitRequired.

No subscriptions or funds from proposed stockholders of any proposed association, prior to its incorporation and prior to a decision by the director on its application for approval of its articles of incorporation, may be solicited or taken until a verified application for an organizing permit has been filed and a permit has been issued by the director authorizing such subscription or collection of funds and then, only in accordance with the terms of such permit.


Severability1973 c 130: See note following RCW 33.24.350.
Definitions1973 c 130: See RCW 33.24.350.
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