reglab/housing_qa huggingface dataset:
WA Rev Code § 32.32.280 (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.|32.32.280 - Offers and sales of securities—Prohibitions.

RCW 32.32.280 Offers and sales of securities—Prohibitions.No offer to sell securities of an applicant pursuant to a plan of conversion may be made prior to approval by the director of the application for conversion. No sale of these securities in the subscription offering may be made except by means of the final offering circular for the subscription offering. No sale of unsubscribed securities may be made except by means of the final offering circular for the public offering or direct community marketing. The offering of shares in the direct community marketing may commence during the subscription offering upon the declaration of effectiveness by the director of the offering circular proposed for the community offering. This section shall not apply to preliminary negotiations or agreements between an applicant and any underwriter or among underwriters who are to be in privity of contract with the applicant.[ 1994 c 92 § 375; 1981 c 85 § 55.]
WA Rev Code § 32.32.285 (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.|32.32.285 - Distribution of offering circulars authorized.

RCW 32.32.285 Distribution of offering circulars authorized.Any preliminary offering circular for the subscription offering, the public offering, or the direct community marketing which has been filed with the director may be distributed to eligible account holders or supplemental eligible account holders and to others in connection with the offering after the director has advised the applicant in writing that the application is properly executed and is not materially incomplete under RCW 32.32.265. No final offering circular may be distributed until the offering circular has been declared effective by the director.[ 1994 c 92 § 376; 1981 c 85 § 56.]
WA Rev Code § 32.32.290 (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.|32.32.290 - Preliminary offering circular for subscription offering—Estimated subscription price range required.

RCW 32.32.290 Preliminary offering circular for subscription offering—Estimated subscription price range required.With respect to the capital stock of the applicant to be sold under the plan of conversion, any preliminary offering circular for the subscription offering shall set forth the estimated subscription price range. The maximum of the price range should normally be no more than fifteen percent above the average of the minimum and maximum of the price range and the minimum should normally be no more than fifteen percent below this average. The maximum price used in the price range should normally be no more than fifty dollars per share and the minimum no less than five dollars per share.[ 1994 c 256 § 106; 1981 c 85 § 57.]NOTES:Findings—Construction—1994 c 256: See RCW 43.320.007.
WA Rev Code § 32.32.295 (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.|32.32.295 - Review of price information by director.

RCW 32.32.295 Review of price information by director.The director shall review the price information required under RCW 32.32.290 in determining whether to give approval to an application for conversion. No representations may be made in any manner that the price information has been approved by the director or that the shares of capital stock sold pursuant to the plan of conversion have been approved or disapproved by the director or that the director has passed upon the accuracy or adequacy of any offering circular covering the shares.[ 1994 c 92 § 377; 1981 c 85 § 58.]
WA Rev Code § 32.32.300 (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.|32.32.300 - Underwriting commissions.

RCW 32.32.300 Underwriting commissions.Underwriting commissions shall not exceed an amount or percentage per share acceptable to the director. No underwriting commission may be allowed or paid with respect to shares of capital stock sold in the subscription offering; however, an underwriter may be reimbursed for accountable expenses in connection with the subscription offering where the public offering is so small that reasonable underwriting commissions thereon would not be sufficient to cover total accountable expenses. The term "underwriting commissions" includes underwriting discounts.[ 1994 c 92 § 378; 1981 c 85 § 59.]
WA Rev Code § 32.32.305 (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.|32.32.305 - Consideration of pricing information by director—Guidelines.

RCW 32.32.305 Consideration of pricing information by director—Guidelines.In considering the pricing information required under RCW 32.32.290, the director shall apply the following guidelines:(1) The materials shall be prepared by persons independent of the applicant, experienced and expert in the area of corporate appraisal, and acceptable to the director;(2) The materials shall contain data which are sufficient to support the conclusions reached therein;(3) The materials shall contain a complete and detailed description of the appraisal methodology employed; and(4) To the extent that the appraisal is based on a capitalization of the pro forma income of the converted savings bank, the materials shall indicate the basis for determination of the income to be derived from the proceeds of the sale of stock and demonstrate the appropriateness of the earnings multiple used, including assumptions made as to future earnings growth. To the extent that the appraisal is based on comparison of the capital stock of the applicant with outstanding capital stock of existing stock savings banks or stock savings and loan associations, the materials shall demonstrate the appropriate comparability of the form and substance of the outstanding capital stock and the appropriate comparability of the existing stock savings banks and stock savings and loan associations in terms of such factors as size, market area, competitive conditions, profit history, and expected future earnings.[ 1994 c 92 § 379; 1981 c 85 § 60.]
WA Rev Code § 32.32.310 (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.|32.32.310 - Submission of information by applicant.

RCW 32.32.310 Submission of information by applicant.In addition to the information required in RCW 32.32.305, the applicant shall submit information demonstrating to the satisfaction of the director the independence and expertise of any person preparing materials under RCW 32.32.305. However, a person will not be considered as lacking independence for the reason that the person will participate in effecting a sale of capital stock under the plan of conversion or will receive a fee from the applicant for services rendered in connection with the appraisal.[ 1994 c 92 § 380; 1981 c 85 § 61.]
WA Rev Code § 32.32.315 (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.|32.32.315 - Subscription offering—Distribution of order forms for the purchase of shares.

RCW 32.32.315 Subscription offering—Distribution of order forms for the purchase of shares.Promptly after the director has declared the offering circular for the subscription offering effective, the applicant shall distribute order forms for the purchase of shares of capital stock in the subscription offering to all eligible account holders, supplemental eligible account holders (if applicable), and other persons who may subscribe for the shares under the plan of conversion.[ 1994 c 92 § 381; 1981 c 85 § 62.]
WA Rev Code § 32.32.320 (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.|32.32.320 - Order forms—Final offering circular and detailed instructions.

RCW 32.32.320 Order forms—Final offering circular and detailed instructions.Each order form distributed pursuant to RCW 32.32.315 shall be accompanied or preceded by the final offering circular for the subscription offering and a set of detailed instructions explaining how to properly complete the order forms.[ 1981 c 85 § 63.]
WA Rev Code § 32.32.325 (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.|32.32.325 - Subscription price.

RCW 32.32.325 Subscription price.The maximum subscription price stated on each order form distributed pursuant to RCW 32.32.315 shall be the amount to be paid when the order form is returned. The maximum subscription price and the actual subscription price shall be within the subscription price range stated in the director's approval and the offering circular. If either the maximum subscription price or the actual subscription price is not within this subscription price range, the applicant shall obtain an amendment to the director's approval. If appropriate, the director shall condition the giving of amended approval by requiring a resolicitation of order forms. If the actual public offering price is less than the maximum subscription price stated on the order form, the actual subscription price shall be correspondingly reduced and the difference shall be refunded to those who have paid the maximum subscription price.[ 1994 c 92 § 382; 1981 c 85 § 64.]
WA Rev Code § 32.32.330 (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.|32.32.330 - Order form—Contents.

RCW 32.32.330 Order form—Contents.Each order form distributed pursuant to RCW 32.32.315 shall be prepared so as to indicate to the person receiving it, in as simple, clear, and intelligible a manner as possible, the actions which are required or available to the person with respect to the form and the capital stock offered for purchase thereby. Specifically, each order form shall:(1) Indicate the maximum number of shares that may be purchased pursuant to the subscription offering;(2) Indicate the period of time within which the subscription rights must be exercised, which period of time shall not be less than twenty days following the date of the mailing of the order form;(3) State the maximum subscription price per share of capital stock;(4) Indicate any requirements as to the minimum number of shares of capital stock which may be purchased;(5) Provide a specifically designated blank space or spaces for indicating the number of shares of capital stock which the eligible account holder or other person wishes to purchase;(6) Indicate that payment may be made by cash if delivered in person or by check or by withdrawal from an account holder's savings account. If payment is to be made by withdrawal, a box to check should be provided;(7) Provide specifically designated blank spaces for dating and signing the order form;(8) Contain an acknowledgment by the account holder or other person signing the order form that the person has received the final offering circular for the subscription offering prior to signing; and(9) Indicate the consequences of failing to properly complete and return the order form, including a statement that the subscription rights are nontransferable and will become void at the end of the subscription period. The order form may, and the set of instructions shall, indicate the place or places to which the order forms are to be returned and when the applicant will consider order forms received, such as by date and time of actual receipt in the applicant's offices or by date and time of postmark.[ 1981 c 85 § 65.]
WA Rev Code § 32.32.335 (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.|32.32.335 - Order form—Additional provision authorized—Payment by withdrawal.

RCW 32.32.335 Order form—Additional provision authorized—Payment by withdrawal.The order form distributed pursuant to RCW 32.32.315 may provide that it may not be modified without the applicant's consent after its receipt by the applicant. If payment is to be made by withdrawal from a savings account the applicant may, but need not, cause the withdrawal to be made upon receipt of the order form. If the withdrawal is made at any time prior to the closing date of the public offering, the applicant shall pay interest to the account holder on the account withdrawn as if the amount had remained in the account from which it was withdrawn until the closing date.[ 1981 c 85 § 66.]
WA Rev Code § 32.32.340 (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.|32.32.340 - Time period for completion of sale of all shares of capital stock.

RCW 32.32.340 Time period for completion of sale of all shares of capital stock.The sale of all shares of capital stock of the converting savings bank to be made under the plan of conversion, including any sale in a public offering or direct community marketing, shall be completed as promptly as possible and within forty-five calendar days after the last day of the subscription period, unless extended by the director.[ 1994 c 92 § 383; 1981 c 85 § 67.]
WA Rev Code § 32.32.345 (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.|32.32.345 - Copies of application for approval to be filed.

RCW 32.32.345 Copies of application for approval to be filed.An applicant that desires to convert in accordance with this chapter shall file copies of an application for approval in the form and number prescribed by the director.[ 1994 c 92 § 384; 1981 c 85 § 68.]
WA Rev Code § 32.32.350 (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.|32.32.350 - Nonacceptance and return of applications.

RCW 32.32.350 Nonacceptance and return of applications.Any application for approval that is improperly executed, or that does not contain copies of a plan of conversion, amendments to the charter of the applicant in the form of new articles of incorporation, and preliminary offering circulars for the subscription offering and for the public offering or direct community marketing shall not be accepted for filing and shall be returned to the applicant. Any application for approval containing a materially incomplete plan of conversion or offering circular may be returned by the director to the applicant.[ 1994 c 92 § 385; 1981 c 85 § 69.]
WA Rev Code § 32.32.355 (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.|32.32.355 - Continuity of corporate existence.

RCW 32.32.355 Continuity of corporate existence.Upon the filing of the articles of incorporation of a converted savings bank with the secretary of state in accordance with RCW 32.32.485, the corporate existence of the mutual savings bank converting to a stock savings bank pursuant to this chapter shall not terminate but the converted savings bank shall be deemed to be a continuation of the entity of the mutual savings bank so converted having the same rights and obligations as it had prior to the conversion.[ 1981 c 85 § 70.]
WA Rev Code § 32.32.360 (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.|32.32.360 - Form of application.

RCW 32.32.360 Form of application.The form of the application shall comply with the requirements of the director.[ 1994 c 92 § 386; 1981 c 85 § 71.]
WA Rev Code § 32.32.365 (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.|32.32.365 - Representations upon filing of application.

RCW 32.32.365 Representations upon filing of application.Except as provided in RCW 32.32.370, the filing of any application or amendment thereto under this chapter shall constitute a representation of the applicant by its duly authorized representative, the applicant's principal executive officer, the applicant's principal financial officer, and the applicant's principal accounting officer, and each member of the applicant's board of directors (whether or not the director has signed the application or any amendment thereto) severally that (1) he or she has read the application or amendment, (2) in the opinion of each such person he or she has made such examination and investigation as is necessary to enable him or her to express an informed opinion that the application or amendment complies to the best of his or her knowledge and belief with the applicable requirements of this chapter, and (3) each such person holds this informed opinion.[ 1981 c 85 § 72.]
WA Rev Code § 32.32.370 (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.|32.32.370 - Representations upon filing of application—Exception.

RCW 32.32.370 Representations upon filing of application—Exception.The representations specified in RCW 32.32.365 shall not be deemed to have been made by any director of the applicant who did not sign the application or any amendment thereto, if, and only to the extent that, the director files with the director within ten business days after the filing of the application or amendment a statement describing those portions of the filing as to which he or she does not so represent.[ 1994 c 92 § 387; 1981 c 85 § 73.]
WA Rev Code § 32.32.375 (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.|32.32.375 - Application to furnish information.

RCW 32.32.375 Application to furnish information.Every application shall furnish information in accordance with this chapter and with the requirements and forms prescribed by the director.[ 1994 c 92 § 388; 1981 c 85 § 74.]
WA Rev Code § 32.32.380 (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.|32.32.380 - Application—Additional information required.

RCW 32.32.380 Application—Additional information required.In addition to the information expressly required to be included in any application under this chapter, there shall be added such further material information, if any, as may be necessary to make the required statements, in the light of the circumstances under which they are made, not misleading.[ 1981 c 85 § 75.]
WA Rev Code § 32.32.385 (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.|32.32.385 - Omission of certain information permitted—Conditions.

RCW 32.32.385 Omission of certain information permitted—Conditions.Information required need be given only insofar as it is known or reasonably available to the applicant. If any required information is unknown and not reasonably available to the applicant, either because the obtaining thereof would involve unreasonable effort or expense or because it rests peculiarly within the knowledge of another person not affiliated with the applicant, the information may be omitted, subject to the following conditions:(1) The applicant shall give such information on the subject as it possesses or can acquire without unreasonable effort or expense, together with the sources thereof.(2) The applicant shall include a statement either showing that unreasonable effort or expense would be involved or indicating the absence of any affiliation with the person within whose knowledge the information rests and stating the result of a request made to the person for the information.[ 1981 c 85 § 76.]
WA Rev Code § 32.32.390 (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.|32.32.390 - Offering circular—Certain manner of presentation of required information prohibited.

RCW 32.32.390 Offering circular—Certain manner of presentation of required information prohibited.The information required in an offering circular shall not be set forth in such fashion as to obscure any of the required information or any information necessary to keep the required information from being incomplete or misleading.[ 1981 c 85 § 77.]
WA Rev Code § 32.32.395 (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.|32.32.395 - Form and contents of filings.

RCW 32.32.395 Form and contents of filings.The form and contents of any filing made under this chapter need conform only to the applicable requirements and forms prescribed by the director then in effect, and contain the information, including financial statements, required at the time the filing is made, notwithstanding subsequent changes, except as otherwise provided in any such amendment or in RCW 32.32.400.[ 1994 c 92 § 389; 1981 c 85 § 78.]
WA Rev Code § 32.32.400 (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.|32.32.400 - Conformance required to order prohibiting the use of any filing.

RCW 32.32.400 Conformance required to order prohibiting the use of any filing.Whenever the director prohibits by order or otherwise the use of any filing under this chapter, the form and contents of any filing used thereafter shall conform to the requirements of the order.[ 1994 c 92 § 390; 1981 c 85 § 79.]
WA Rev Code § 32.32.405 (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.|32.32.405 - Application—Certain named persons—Filing of written consent required.

RCW 32.32.405 Application—Certain named persons—Filing of written consent required.(1) If any accountant, attorney, investment banker, appraiser, or other persons whose professions give authority to a statement made in any application under this chapter is named as having prepared, reviewed, passed upon, or certified any part thereof, or any report or valuation for use in connection therewith, the written consent of the person shall be filed with the application. If any portion of a report of an expert is quoted or summarized as such in any filing under this chapter, the written consent of the expert shall expressly state that the expert consents to this quotation or summarization.(2) All written consents filed pursuant to this section shall be dated and signed manually. A list of the consents shall be filed with the application. Where the consent of the expert is contained in the expert's report, a reference shall be made in the list to the report containing the consent.[ 1981 c 85 § 80.]