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Code · Washington · Title 33 — Washington Savings Association Act · Chapter 33.48

RCW 33.48.150

110 words·~1 min read·/wa/title-33/chapter-33-48/33-48-150·

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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 permit has been issued by the director authorizing such subscription or collection of funds and then, only in accordance with the terms of such permit.
[ 1994 c 92 s 481 ; 1973 c 130 s 6 .]
Notes:
Severability — 1973 c 130: See note following RCW 33.24.350 .
Definitions — 1973 c 130: See RCW 33.24.350 .
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