RCW 33.48.180Permit 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 under a registration statement filed under the federal securities act of 1933 (48 Stat. 74; 15 U.S.C. Sec. 77a).[ 1994 c 92 s 484; 1982 c 3 s 101; 1973 c 130 s 5.]NOTES:Severability—1982 c 3: See note following RCW 33.04.002.Severability—1973 c 130: See note following RCW 33.24.350.
Washington Legal Code