33.48.170  <<  33.48.180 >>   33.48.190

Permit authorizing sale of stockApplicability.

No association shall sell, take subscriptions for, or issue any stock until the association applies for and secures from the director a permit authorizing it to sell stock.
This section does not apply to an offering involving less than five hundred thousand dollars nor to an offering made under a registration statement filed under the federal securities act of 1933 (48 Stat. 74; 15 U.S.C. Sec. 77a).


Severability1982 c 3: See note following RCW 33.04.002.
Severability1973 c 130: See note following RCW 33.24.350.
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