Wash. Rev. Code § 32.32.050

Current through Chapter 376 of the 2024 Regular Session

Section 32.32.050 - Stock purchase subscription rights received by officers, directors, and their associates-Subordination

Nontransferable subscription rights to purchase capital stock received by officers and directors and their associates of the converting savings bank based on their increased deposits in the converting savings bank in the one-year period preceding the eligibility record date shall be subordinated to all other subscriptions involving the exercise of nontransferable subscription rights to purchase shares pursuant to RCW 32.32.045.

RCW 32.32.050

1981 c 85 § 9.