33.48.210 – Permit authorizing sale of stock—Examination and investigation—Issuance or denial.
RCW 33.48.210 Permit authorizing sale of stock—Examination and investigation—Issuance or denial. Upon the filing of the application for a permit to sell stock, the director shall examine the application and other papers and documents filed therewith and he or she may make a detailed examination, audit, and investigation of the association and its affairs. If […]
33.48.120 – Conversion procedure—Creation of permanent loss reserve—Disposition of reserve upon liquidation.
RCW 33.48.120 Conversion procedure—Creation of permanent loss reserve—Disposition of reserve upon liquidation. The accumulated surplus and unallocated reserves of an association at the time of conversion to a stock association shall be designated as a permanent loss reserve against which any losses incurred on assets may be charged. In case of liquidation the remaining sum […]
33.48.130 – Withdrawal of charter amendment or conversion application.
RCW 33.48.130 Withdrawal of charter amendment or conversion application. The directors of an association which has voted to amend its charter or convert to another type of institution, may withdraw the application at any time prior to the issuance of the amended charter, by adopting a proper resolution and forwarding a copy to the director. […]
33.48.140 – Legislative intent—Chapter to control over conflicting provisions.
RCW 33.48.140 Legislative intent—Chapter to control over conflicting provisions. It is the intention of the legislature to grant, by this chapter, authority to create stock associations in this state, by either organization or conversion under its provisions, and in the event of conflict between the provisions of this chapter and other provisions of Title 33 […]
33.48.150 – Organizing permit—Required.
RCW 33.48.150 Organizing permit—Required. 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 […]
33.48.160 – Organizing permit—Application.
RCW 33.48.160 Organizing permit—Application. The application for an organizing permit under RCW 33.48.150 shall be in writing, verified as provided by law for the verification of pleadings and shall be filed in the office of the director. Such application shall be signed by the proposed incorporators and shall include the following: (1) The names and […]
33.48.170 – Organizing permit—Conditions.
RCW 33.48.170 Organizing permit—Conditions. The director may impose conditions in the director’s organizing permit issued under RCW 33.48.150 concerning the deposit in escrow of funds collected pursuant to said permit, the manner of expenditure of such funds and such other conditions as he or she deems reasonable and necessary or advisable for the protection of […]
33.48.180 – Permit authorizing sale of stock—Applicability.
RCW 33.48.180 Permit authorizing sale of stock—Applicability. 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 […]
33.48.190 – Permit authorizing sale of guaranty stock—Required prior to sale of issued or outstanding stock.
RCW 33.48.190 Permit authorizing sale of guaranty stock—Required prior to sale of issued or outstanding stock. No issued and outstanding stock of an association shall be sold or offered for sale to the public, nor shall subscriptions be solicited or taken for such sales until the association or the selling stockholders have applied for and […]
33.46.130 – Rules implementing chapter—Standard.
RCW 33.46.130 Rules implementing chapter—Standard. The director of financial institutions shall adopt such rules under the administrative procedure act, chapter 34.05 RCW, as are necessary to implement this chapter in a manner which protects the relative interests of members, depositors, borrowers, stockholders, and creditors. [ 1994 c 92 § 477; 1982 c 3 § 90.] […]