RCW 32.32.120
117 words·~1 min read·
/wa/title-32/chapter-32-32/32-32-120·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.
[ 1985 c 56 s 19 ; 1981 c 85 s 23 .]