reglab/housing_qa huggingface dataset:
WA Rev Code § 32.32.410 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.32 - Conversion of Mutual Savings Bank to Capital Stock Savings Bank.|32.32.410 - Offering circular—Certain named persons—Filing of written consent required.

RCW 32.32.410 Offering circular—Certain named persons—Filing of written consent required.If any person who has not signed an application is named in the offering circular as about to become a director, the written consent of this person shall be filed with the director in the form the director prescribes.[ 1994 c 92 § 391; 1981 c 85 § 81.]
WA Rev Code § 32.32.415 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.32 - Conversion of Mutual Savings Bank to Capital Stock Savings Bank.|32.32.415 - Date of receipt—Date of filing.

RCW 32.32.415 Date of receipt—Date of filing.The date on which any documents are actually received by the office of the director of financial institutions shall be the date of filing thereof.[ 1994 c 92 § 392; 1981 c 85 § 82.]
WA Rev Code § 32.32.420 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.32 - Conversion of Mutual Savings Bank to Capital Stock Savings Bank.|32.32.420 - Availability for conferences in advance of filing of application—Refusal of prefiling review.

RCW 32.32.420 Availability for conferences in advance of filing of application—Refusal of prefiling review.(1) The staff of the director shall be available for conferences with prospective applicants or their representatives in advance of filing an application to convert. These conferences may be held for the purpose of discussing generally the problems confronting an applicant in effecting conversion or to resolve specific problems of an unusual nature.(2) Prefiling review of an application may be refused by the staff of the director if the review would delay the examination and processing of material which has already been filed or would favor certain applicants at the expense of others. In any conference under this section, the staff of the director shall not undertake to prepare material for filing but shall limit itself to indicating the kind of information required, leaving the actual drafting to the applicant and its representatives.[ 1994 c 92 § 393; 1981 c 85 § 83.]
WA Rev Code § 32.32.425 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.32 - Conversion of Mutual Savings Bank to Capital Stock Savings Bank.|32.32.425 - Appeal from refusal to approve application.

RCW 32.32.425 Appeal from refusal to approve application.From the director of financial institutions' refusal to approve an application for conversion, the applicant may, within thirty days from the date of the mailing by the director of financial institutions of notice of refusal to approve, appeal to a board of appeal composed of the governor or the governor's designee, the attorney general, and the director of financial institutions by filing in the office of the director of financial institutions a notice that it appeals to this board from the director of financial institutions' refusal. The procedure upon the appeal shall be such as the board may prescribe, and its determination shall be certified, filed, and recorded in the same manner as the director of financial institutions', and shall be final.[ 1994 c 92 § 394; 1981 c 85 § 84.]
WA Rev Code § 32.32.430 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.32 - Conversion of Mutual Savings Bank to Capital Stock Savings Bank.|32.32.430 - Postconversion reports.

RCW 32.32.430 Postconversion reports.The applicant shall file such postconversion reports concerning its conversion as the director may require.[ 1994 c 92 § 395; 1981 c 85 § 85.]
WA Rev Code § 32.32.435 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.32 - Conversion of Mutual Savings Bank to Capital Stock Savings Bank.|32.32.435 - Definitions.

RCW 32.32.435 Definitions.For purposes of RCW 32.32.440 through 32.32.475, the following definitions shall apply:(1) The term "offer" includes every offer to buy or acquire, solicitation of an offer to sell, tender offer for, or request or invitation for tenders of, a security or interest in a security for value.(2) The term "person" means an individual, a group acting in concert, a corporation, a partnership, an association, a joint stock company, a trust, and any unincorporated organization or similar company.(3) Without limitation on the generality of its meaning, the term "security" includes nontransferable subscription rights issued to a plan of conversion.[ 1981 c 85 § 86.]
WA Rev Code § 32.32.440 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.32 - Conversion of Mutual Savings Bank to Capital Stock Savings Bank.|32.32.440 - Certain agreement to transfer and transfers of ownership in rights or securities prohibited.

RCW 32.32.440 Certain agreement to transfer and transfers of ownership in rights or securities prohibited.Prior to completion of a conversion, no person may transfer or enter into any agreement or understanding to transfer the legal or beneficial ownership of conversion subscription rights, or the underlying securities, to the account of another.[ 1981 c 85 § 87.]
WA Rev Code § 32.32.445 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.32 - Conversion of Mutual Savings Bank to Capital Stock Savings Bank.|32.32.445 - Certain offers and announcements on securities prohibited.

RCW 32.32.445 Certain offers and announcements on securities prohibited.Prior to completion of a conversion, no person may make any offer, or announcement of an offer or intent to make an offer, for any security of a converting savings bank issued or to be issued in connection with the conversion.[ 1981 c 85 § 88.]
WA Rev Code § 32.32.450 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.32 - Conversion of Mutual Savings Bank to Capital Stock Savings Bank.|32.32.450 - Certain offers and acquisitions prohibited.

RCW 32.32.450 Certain offers and acquisitions prohibited.No person for a period of three years following the date of the conversion may directly or indirectly offer to acquire or acquire the beneficial ownership of more than ten percent of any class of an equity security of any savings bank converted in accordance with this chapter without the prior written approval of the director of financial institutions.[ 1994 c 92 § 396; 1981 c 85 § 89.]
WA Rev Code § 32.32.455 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.32 - Conversion of Mutual Savings Bank to Capital Stock Savings Bank.|32.32.455 - Nonapplicability of RCW 32.32.440 and 32.32.445.

RCW 32.32.455 Nonapplicability of RCW 32.32.440 and 32.32.445.RCW 32.32.440 and 32.32.445 shall not apply to a transfer, agreement or understanding to transfer, offer, or announcement of an offer or intent to make an offer which (1) pertains only to securities to be purchased pursuant to RCW 32.32.060, 32.32.150, or 32.32.175; and (2) has prior written approval of the director.[ 1994 c 92 § 397; 1981 c 85 § 90.]
WA Rev Code § 32.32.460 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.32 - Conversion of Mutual Savings Bank to Capital Stock Savings Bank.|32.32.460 - Nonapplicability of RCW 32.32.445 and 32.32.450.

RCW 32.32.460 Nonapplicability of RCW 32.32.445 and 32.32.450.RCW 32.32.445 and 32.32.450 shall not apply to any offer with a view toward public resale made exclusively to the savings bank or underwriters or selling group acting on its behalf.[ 1981 c 85 § 91.]
WA Rev Code § 32.32.465 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.32 - Conversion of Mutual Savings Bank to Capital Stock Savings Bank.|32.32.465 - Nonapplicability of RCW 32.32.450.

RCW 32.32.465 Nonapplicability of RCW 32.32.450.Unless made applicable by the director by prior advice in writing, the prohibition contained in RCW 32.32.450 shall not apply to any offer or announcement of an offer which if consummated would result in acquisition by a person, together with all other acquisitions by the person of the same class of securities during the preceding twelve-month period, of not more than one percent of the same class of securities.[ 1994 c 92 § 398; 1981 c 85 § 92.]
WA Rev Code § 32.32.470 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.32 - Conversion of Mutual Savings Bank to Capital Stock Savings Bank.|32.32.470 - Approval of certain applications prohibited.

RCW 32.32.470 Approval of certain applications prohibited.The director shall not approve an application involving an offer for, an announcement thereof, or an acquisition of any security of a converted savings bank submitted under RCW 32.32.450 if the director finds that the offer frustrates the purposes of this chapter, is manipulative or deceptive, subverts the fairness of the conversion, is likely to result in injury to the savings bank, is not consistent with savings banking under Title 32 RCW, or is otherwise violative of law or regulation.[ 1994 c 92 § 399; 1981 c 85 § 93.]
WA Rev Code § 32.32.475 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.32 - Conversion of Mutual Savings Bank to Capital Stock Savings Bank.|32.32.475 - Penalty for violations.

RCW 32.32.475 Penalty for violations.For willful violation or assistance of such a violation of any provision of RCW 32.32.440 through 32.32.470, any person who (1) has any connection with the management of a converting or converted savings bank, including any director, officer, employee, attorney, or agent, or (2) controls more than ten percent of the outstanding shares of any class of equity security or voting rights thereto of a converting or converted savings bank shall be subject to a civil penalty of not more than five hundred dollars (which penalty shall be cumulative to any other remedies) for each day that the violation continues, which penalty the director may recover by suit or otherwise for the director's own use. The director in his or her discretion may, at any time before collection of the penalty (whether before or after the bringing of any action or other legal proceedings, the obtaining of any judgment or other recovery, or the issuance or levy of any execution or other legal process thereof), compromise or remit in whole or in part the penalty.[ 1994 c 92 § 400; 1981 c 85 § 94.]
WA Rev Code § 32.32.480 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.32 - Conversion of Mutual Savings Bank to Capital Stock Savings Bank.|32.32.480 - Name of converted savings bank.

RCW 32.32.480 Name of converted savings bank.A savings bank shall not be forbidden or required to change its corporate name as a result of its conversion pursuant to this chapter.[ 1994 c 256 § 107; 1981 c 85 § 95.]NOTES:Findings—Construction—1994 c 256: See RCW 43.320.007.
WA Rev Code § 32.32.490 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.32 - Conversion of Mutual Savings Bank to Capital Stock Savings Bank.|32.32.490 - Amendments to articles of incorporation.

RCW 32.32.490 Amendments to articles of incorporation.(1) Amendments to the articles of incorporation of the converted savings bank shall be made only with the approvals of the director, of two-thirds of the directors of the savings bank, and of the holders of a majority of each class of the outstanding shares of capital stock or such greater percentage of these shares as may be specified in the articles of the converted savings bank.(2) Unless the articles of incorporation provide otherwise, the board of directors of a savings bank may, by majority vote, amend the savings bank's articles of incorporation as provided in this section without shareholder action:(a) If the savings bank has only one class of shares outstanding, to provide, change, or eliminate any provision with respect to the par value of any class of shares;(b) To delete the name and address of the initial directors;(c) If the savings bank has only one class of shares outstanding, solely to change the number of authorized shares to effectuate a split of, or stock dividend in, the savings bank's own shares, or solely to do so and to change the number of authorized shares in proportion thereto;(d) To change the savings bank's name; or(e) To make any other change expressly permitted by this title to be made without shareholder action.[ 1994 c 256 § 109; 1994 c 92 § 402; 1985 c 56 § 28; 1981 c 85 § 97.]NOTES:Reviser's note: This section was amended by 1994 c 92 § 402 and by 1994 c 256 § 109, each without reference to the other. Both amendments are incorporated in the publication of this section pursuant to RCW 1.12.025(2). For rule of construction, see RCW 1.12.025(1).Findings—Construction—1994 c 256: See RCW 43.320.007.
WA Rev Code § 32.32.497 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.32 - Conversion of Mutual Savings Bank to Capital Stock Savings Bank.|32.32.497 - Conversions incident to acquisition by savings bank holding company or merger or consolidation with savings bank holding company subsidiary—Application of RCW 32.32.110 and 32.32.115.

RCW 32.32.497 Conversions incident to acquisition by savings bank holding company or merger or consolidation with savings bank holding company subsidiary—Application of RCW 32.32.110 and 32.32.115.(1) In a conversion of an unconverted mutual savings bank that is in the process of acquisition by a savings bank holding company or in the process of merger or consolidation with a subsidiary of a savings bank holding company, the restrictions imposed by RCW 32.32.110 on resale of stock apply to shares of the holding company purchased on original issue by any director or officer of the converting savings bank that is in the process of acquisition, merger, or consolidation, and the restrictions imposed by this chapter apply to the ownership of capital stock in the holding company with the same force and effect as they would apply to the ownership of capital stock of the unconverted mutual savings bank if shares of this savings bank were offered to depositors or the public pursuant to this chapter.(2) The tender of shares by directors and officers of a converted savings bank in exchange for shares of another converted savings bank, or for shares of a holding company, do not constitute a sale for purposes of RCW 32.32.110. However, the restrictions of RCW 32.32.110 and 32.32.115 apply to the resale of the shares they receive in such an exchange with the same force and effect as to the shares of the converted savings bank they purchased on original issue for a period of three years following the date of such purchase on original issue.[ 1985 c 56 § 30.]
WA Rev Code § 32.32.500 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.32 - Conversion of Mutual Savings Bank to Capital Stock Savings Bank.|32.32.500 - Merger, consolidation, conversion, etc.—Approval—Concentration limits.

RCW 32.32.500 Merger, consolidation, conversion, etc.—Approval—Concentration limits.(1) A savings bank may merge with, consolidate with, convert into, acquire a branch or branches of, or sell its branch or branches to any depository institution as defined in 12 U.S.C. Sec. 461, any financial institution chartered or authorized to do business under the laws of any state, territory, province, or other jurisdiction of the United States or another nation, or any holding company or subsidiary of such an institution, subject to the approval of (a) the director of financial institutions if the surviving institution is one chartered under Title *30, 31, 32, or 33 RCW, or (b) if the surviving institution is to be a bank, savings bank, savings and loan association, or other depository institution that is federally chartered under the laws of the United States, the federal regulatory authority having jurisdiction over the transaction under the applicable laws, or (c) if the surviving institution is to be a bank, savings bank, savings and loan association, or other depository or financial institution that is chartered under the laws of another state or territory of the United States, the regulatory authority having jurisdiction over that transaction under the applicable laws, or (d) if the surviving institution is to be a bank, savings bank, savings and loan association, or other depository or financial institution that is chartered under the laws of a nation other than the United States or of a state, territory, province, or other jurisdiction of such nation, the director of financial institutions, or (e) if the surviving institution is to be a bank holding company or financial holding company, the Federal Reserve Board or its successor under 12 U.S.C. Sec. 1842 (a) and (d).(2) In the case of a liquidation, acquisition, merger, consolidation, or conversion of a converted savings bank, chapter 32.34 RCW shall apply.(3) The concentration limits applicable to these transactions, pursuant to 12 U.S.C. Sec. 1831u(b)(2)(C) with respect to interstate transactions, shall be those imposed pursuant to 12 U.S.C. Sec. 1828(c)(5), as applied by the federal regulatory authority having jurisdiction over that transaction under the applicable law, in lieu of the concentration limits of 12 U.S.C. Sec. 1831u(b)(2)(B).[ 2003 c 24 § 9; 1999 c 14 § 30; 1996 c 2 § 28. Prior: 1994 c 256 § 111; 1994 c 92 § 404; 1985 c 56 § 31; 1981 c 85 § 99.]NOTES:*Reviser's note: Title 30 RCW was recodified and/or repealed pursuant to 2014 c 37, effective January 5, 2015.Findings—Construction—1994 c 256: See RCW 43.320.007.
WA Rev Code § 32.32.505 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.32 - Conversion of Mutual Savings Bank to Capital Stock Savings Bank.|32.32.505 - Intent—References in the Revised Code of Washington.

RCW 32.32.505 Intent—References in the Revised Code of Washington.(1) It is the intention of the legislature to grant, by this chapter, authority to permit conversions by mutual savings banks to capital stock form, and the rights, powers, restrictions, limitations, and requirements of Title 32 RCW shall apply to a converted mutual savings bank except that, in the event of conflict between the provisions of this chapter and other provisions of Title 32 RCW, the other provisions shall be construed in favor of the accomplishment of the purposes of this chapter.(2) References in the Revised Code of Washington as of the most recent effective date of any amendment, to mutual savings banks shall refer also to stock savings banks. References in the Revised Code of Washington to the board of trustees of a mutual savings bank shall refer also to the board of directors of a stock savings bank. The provisions of *Title 30 RCW shall not apply to a converted savings bank except insofar as the provisions would apply to a mutual savings bank.[ 1994 c 256 § 112; 1985 c 56 § 32; 1981 c 85 § 100.]NOTES:*Reviser's note: Title 30 RCW was recodified and/or repealed pursuant to 2014 c 37, effective January 5, 2015.Findings—Construction—1994 c 256: See RCW 43.320.007.
WA Rev Code § 32.32.515 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.32 - Conversion of Mutual Savings Bank to Capital Stock Savings Bank.|32.32.515 - Guaranty fund.

RCW 32.32.515 Guaranty fund.The guaranty fund of a mutual savings bank converted under this chapter shall become surplus of the converted savings bank, but shall not be available after conversion for purposes other than those purposes for which a guaranty fund may be used by a mutual savings bank under Title 32 RCW. No contribution need be made to the guaranty fund by the converted savings bank after conversion. When any provision of any other chapter of this title refers to the amount of the guaranty fund for the purpose of determining the extent of the authority of a savings bank, and not for purposes of prescribing the use of funds in or contributions to the guaranty fund, such provision shall be deemed to refer to an amount including capital surplus and paid-in capital of a stock savings bank.[ 1994 c 256 § 113; 1981 c 85 § 102.]NOTES:Findings—Construction—1994 c 256: See RCW 43.320.007.
WA Rev Code § 32.32.520 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.32 - Conversion of Mutual Savings Bank to Capital Stock Savings Bank.|32.32.520 - "Funds" defined.

RCW 32.32.520 "Funds" defined.The "funds" of a converted savings bank, as the term is used in Title 32 RCW, shall mean deposits, sums credited to the liquidation account, capital stock, the principal balance of any outstanding capital notes, capital debentures, borrowings, undivided profits and income derived from the foregoing or the proceeds of the foregoing as listed in this section.[ 1999 c 14 § 31; 1981 c 85 § 103.]
WA Rev Code § 32.32.525 (2021)
2021 Revised Code of Washington|Title 32 - Washington Savings Bank Act|Chapter 32.32 - Conversion of Mutual Savings Bank to Capital Stock Savings Bank.|32.32.525 - Prohibition on certain securities and purchases—Exception.

RCW 32.32.525 Prohibition on certain securities and purchases—Exception.After July 26, 1981, no converted savings bank may make any loan or discount on the security of its own capital stock, nor be the purchaser or holder of any such shares, unless the security or purchase is necessary to prevent loss upon a debt previously contracted in good faith, in which case the stocks so purchased or acquired shall be sold at public or private sale, or otherwise disposed of, within six months from the time of its purchase or acquisition. The prohibitions of this section do not apply to a purchase of shares approved by the director pursuant to RCW 32.32.210.[ 1994 c 92 § 405; 1983 c 44 § 4; 1981 c 85 § 104.]