Wash. Rev. Code § 32.32.120

Current through Chapter 376 of the 2024 Regular Session
Section 32.32.120 - Registration of securities-Marketing of securities-Listing of shares on securities exchange or NASDAQ quotation system

A converted savings bank or holding company formed under chapter 32.34 RCW shall:

(1) Promptly following its conversion register the securities issued in connection therewith pursuant to the Securities and Exchange Act of 1934 and undertake not to deregister the securities for a period of three years thereafter;
(2) Use its best efforts to encourage and assist a market maker to establish and maintain a market for the securities issued in connection with the conversion; and
(3) Use its best efforts to list those shares issued in connection with the conversion on a national or regional securities exchange or on the NASDAQ quotation system.

RCW 32.32.120

1985 c 56 § 19; 1981 c 85 § 23.