reglab/housing_qa huggingface dataset:
WA Rev Code § 32.32.045 (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.|32.32.045 - Stock purchase subscription rights—Eligible account holders.

RCW 32.32.045 Stock purchase subscription rights—Eligible account holders.Each eligible account holder shall receive, without payment, nontransferable subscription rights to purchase capital stock in an amount equal to the greatest of two hundred shares, one-tenth of one percent of the total offering of shares, or fifteen times the product (rounded down to the next whole number) obtained by multiplying the total number of shares of capital stock to be issued by a fraction of which the numerator is the amount of the qualifying deposit of the eligible account holder and the denominator is the total amount of qualifying deposits of all eligible account holders in the converting savings bank. If the allotment made in this section results in an oversubscription, shares shall be allocated among subscribing eligible account holders so as to permit each such account holder, to the extent possible, to purchase a number of shares sufficient to make his or her total allocation equal to one hundred shares. Any shares not so allocated shall be allocated among the subscribing eligible account holders on such equitable basis, related to the amounts of their respective qualifying deposits, as may be provided in the plan of conversion.[ 2011 c 336 § 756; 1981 c 85 § 8.]
WA Rev Code § 32.32.050 (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.|32.32.050 - Stock purchase subscription rights received by officers, directors, and their associates—Subordination.

RCW 32.32.050 Stock purchase subscription rights received by officers, directors, and their associates—Subordination.Nontransferable subscription rights to purchase capital stock received by officers and directors and their associates of the converting savings bank based on their increased deposits in the converting savings bank in the one-year period preceding the eligibility record date shall be subordinated to all other subscriptions involving the exercise of nontransferable subscription rights to purchase shares pursuant to RCW 32.32.045.[ 1981 c 85 § 9.]
WA Rev Code § 32.32.055 (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.|32.32.055 - Supplemental share purchase subscription rights—Supplemental eligible account holder—Conditions.

RCW 32.32.055 Supplemental share purchase subscription rights—Supplemental eligible account holder—Conditions.In plans involving an eligibility record date that is more than fifteen months prior to the date of the latest amendment to the application for conversion filed prior to the director approval, a supplemental eligibility record date shall be determined whereby each supplemental eligible account holder of the converting savings bank shall receive, without payment, nontransferable subscription rights to purchase supplemental shares in an amount equal to the greatest of two hundred shares, one-tenth of one percent of the total offering of shares, or fifteen times the product (rounded down to the next whole number) obtained by multiplying the total number of shares of capital stock to be issued by a fraction of which the numerator is the amount of the qualifying deposit of the supplemental eligible account holder and the denominator is the total amount of the qualifying deposits of all supplemental eligible account holders in the converting savings bank on the supplemental eligibility record date.(1) Subscription rights received pursuant to this section shall be subordinated to all rights received by eligible account holders to purchase shares pursuant to RCW 32.32.045 and 32.32.050.(2) Any nontransferable subscription rights to purchase shares received by an eligible account holder in accordance with RCW 32.32.045 shall be applied in partial satisfaction of the subscription rights to be distributed pursuant to this section.(3) In the event of an oversubscription for supplemental shares pursuant to this section, shares shall be allocated among the subscribing supplemental eligible account holders as follows:(a) Shares shall be allocated among subscribing supplemental eligible account holders so as to permit each such supplemental account holder, to the extent possible, to purchase a number of shares sufficient to make the supplemental account holder's total allocation (including the number of shares, if any, allocated in accordance with RCW 32.32.045) equal to one hundred shares.(b) Any shares not allocated in accordance with subsection (3)(a) of this section shall be allocated among the subscribing supplemental eligible account holders on such equitable basis, related to the amounts of their respective qualifying deposits, as may be provided in the plan of conversion.[ 1994 c 92 § 355; 1981 c 85 § 10.]
WA Rev Code § 32.32.060 (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.|32.32.060 - Sale of shares not sold in subscription offering—Methods—Conditions.

RCW 32.32.060 Sale of shares not sold in subscription offering—Methods—Conditions.Any shares of the converting savings bank not sold in the subscription offering shall either be sold in a public offering through an underwriter or directly by the converting savings bank in a direct community marketing, subject to the applicant demonstrating to the director the feasibility of the method of sale and to such conditions as may be provided in the plan of conversion. The conditions shall include, but not be limited to:(1) A condition limiting purchases by each officer and director or their associates in this phase of the offering to one-tenth of one percent of the total offering of shares.(2) A condition limiting purchases by any person and that person's associates in this phase of the offering to a number of shares or a percentage of the total offering so long as the limitation does not exceed two percent of the shares to be sold in the total offering.(3) A condition that any direct community offering by the converting savings bank shall give a preference to natural persons residing in the counties in which the savings bank has an office. The methods by which preference shall be given shall be approved by the director.[ 1994 c 92 § 356; 1981 c 85 § 11.]
WA Rev Code § 32.32.065 (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.|32.32.065 - Limitation on subscription and purchase of shares by person with associate or group—Amount.

RCW 32.32.065 Limitation on subscription and purchase of shares by person with associate or group—Amount.The number of shares which any person together with any associate or group of persons acting in concert may subscribe for or purchase in the conversion shall not exceed five percent of the total offering of shares. For purposes of this section, the members of the converting savings bank's board of directors shall not be deemed to be associates or a group acting in concert solely as a result of their board membership.[ 1981 c 85 § 12.]
WA Rev Code § 32.32.070 (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.|32.32.070 - Limitation on purchase of shares by officers, directors, and their associates—Amount.

RCW 32.32.070 Limitation on purchase of shares by officers, directors, and their associates—Amount.The number of shares which officers and directors of the converting savings bank and their associates may purchase in the conversion shall not exceed twenty-five percent of the total offering of shares.[ 1981 c 85 § 13.]
WA Rev Code § 32.32.075 (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.|32.32.075 - Prohibition on purchase of shares by officers, directors, and their associates—Exception.

RCW 32.32.075 Prohibition on purchase of shares by officers, directors, and their associates—Exception.No officer or director, or their associates, may purchase without the prior written approval of the director the capital stock of the converted savings bank except from a broker or a dealer registered with the Securities and Exchange Commission for a period of three years following the conversion. This provision shall not apply to negotiated transactions involving more than one percent of the outstanding capital stock of the converted savings bank.As used in this section, the term "negotiated transactions" means transactions in which the securities are offered and the terms and arrangements relating to any sale of the securities are arrived at through direct communications between the seller or any person acting on the seller's behalf and the purchaser or the purchaser's investment representative. The term "investment representative" means a professional investment adviser acting as agent for the purchaser and independent of the seller and not acting on behalf of the seller in connection with the transaction.[ 1994 c 92 § 357; 1981 c 85 § 14.]
WA Rev Code § 32.32.080 (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.|32.32.080 - Uniform sales price of shares required—Application to specify arrangements on sale of shares not sold in subscription offering.

RCW 32.32.080 Uniform sales price of shares required—Application to specify arrangements on sale of shares not sold in subscription offering.The sales price of the shares of capital stock to be sold in the conversion shall be a uniform price determined in accordance with RCW 32.32.290, 32.32.305, and 32.32.325. The applicant shall specify in its conversion application the underwriting and/or other marketing arrangements to be made to assure the sale of all shares not sold in the subscription offering.[ 1981 c 85 § 15.]
WA Rev Code § 32.32.085 (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.|32.32.085 - Savings account holder to receive withdrawable savings account(s)—Amount.

RCW 32.32.085 Savings account holder to receive withdrawable savings account(s)—Amount.Each savings account holder of the converting savings bank shall receive, without payment, a withdrawable savings account or accounts in the converted savings bank equal in withdrawable amount to the withdrawal value of the account holder's savings account or accounts in the converting savings bank.[ 1981 c 85 § 16.]
WA Rev Code § 32.32.090 (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.|32.32.090 - Liquidation account—Establishment and maintenance required.

RCW 32.32.090 Liquidation account—Establishment and maintenance required.A converting savings bank shall establish and maintain a liquidation account for the benefit of eligible account holders and supplemental eligible account holders in the event of a subsequent complete liquidation of the converted savings bank, in accordance with RCW 32.32.185 through 32.32.205.[ 1981 c 85 § 17.]
WA Rev Code § 32.32.095 (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.|32.32.095 - Establishment of eligibility record date required.

RCW 32.32.095 Establishment of eligibility record date required.The applicant shall establish an eligibility record date, which shall not be less than ninety days prior to the date of adoption of the plan by the converting savings bank's board of directors.[ 1981 c 85 § 18.]
WA Rev Code § 32.32.100 (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.|32.32.100 - Capital stock—Voting rights.

RCW 32.32.100 Capital stock—Voting rights.The holders of the capital stock of the converted savings bank shall have exclusive voting rights.[ 1981 c 85 § 19.]
WA Rev Code § 32.32.105 (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.|32.32.105 - Amendment and termination of plan of conversion.

RCW 32.32.105 Amendment and termination of plan of conversion.The plan of conversion adopted by the applicant's board of directors may be amended by the board of directors with the concurrence of the director at any time prior to final approval of the director and may be terminated with the concurrence of the director at any time prior to issuance of the authorization certificate by the director.[ 1994 c 92 § 358; 1981 c 85 § 20.]
WA Rev Code § 32.32.110 (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.|32.32.110 - Restriction on sale of shares of stock by directors and officers.

RCW 32.32.110 Restriction on sale of shares of stock by directors and officers.All shares of capital stock purchased by directors and officers on original issue in the conversion either directly from the savings bank (by subscription or otherwise) or from an underwriter of the shares shall be subject to the restriction that the shares shall not be sold for a period of not less than three years following the date of purchase, except in the event of death of the director or officer.[ 1981 c 85 § 21.]
WA Rev Code § 32.32.115 (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.|32.32.115 - Conditions on shares of stock subject to restriction on sale.

RCW 32.32.115 Conditions on shares of stock subject to restriction on sale.In connection with shares of capital stock subject to restriction on sale for a period of time:(1) Each certificate for the stock shall bear a legend giving appropriate notice of the restriction;(2) Appropriate instructions shall be issued to the transfer agent for the capital stock with respect to applicable restrictions on transfer of any such restricted stock; and(3) Any shares issued as a stock dividend, stock split, or otherwise with respect to any such restricted stock shall be subject to the same restrictions as may apply to the restricted stock.[ 1985 c 56 § 18; 1981 c 85 § 22.]
WA Rev Code § 32.32.120 (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.|32.32.120 - Registration of securities—Marketing of securities—Listing of shares on securities exchange or NASDAQ quotation system.

RCW 32.32.120 Registration of securities—Marketing of securities—Listing of shares on securities exchange or NASDAQ quotation system.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 § 19; 1981 c 85 § 23.]
WA Rev Code § 32.32.125 (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.|32.32.125 - Reasonable expenses required.

RCW 32.32.125 Reasonable expenses required.The expenses incurred in the conversion shall be reasonable.[ 1981 c 85 § 24.]
WA Rev Code § 32.32.130 (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.|32.32.130 - Plan of conversion—Prohibited provisions.

RCW 32.32.130 Plan of conversion—Prohibited provisions.The plan of conversion shall contain no provision which the director determines to be inequitable or detrimental to the applicant, its savings account holders, or other savings banks or to be contrary to the public interest.[ 1994 c 92 § 359; 1981 c 85 § 25.]
WA Rev Code § 32.32.135 (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.|32.32.135 - Plan of conversion—Permissible provisions.

RCW 32.32.135 Plan of conversion—Permissible provisions.The plan of conversion may contain any of the provisions set forth in RCW 32.32.140 through 32.32.170.[ 1981 c 85 § 26.]
WA Rev Code § 32.32.140 (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.|32.32.140 - Purchase of certain shares of stock by directors, officers, and employees permitted—Conditions.

RCW 32.32.140 Purchase of certain shares of stock by directors, officers, and employees permitted—Conditions.Directors, officers, and employees of the converting savings bank, as part of the subscription offering, may be entitled to purchase shares of capital stock, to the extent that shares are available after satisfying the subscriptions of eligible account holders and supplemental eligible account holders, subject to the following conditions:(1) The total number of shares which may be purchased under this section shall not exceed twenty-five percent of the total number of shares to be issued in the case of a converting savings bank with total assets of less than fifty million dollars or fifteen percent in the case of a converting savings bank with total assets of five hundred million dollars or more; in the case of a converting savings bank with total assets of fifty million dollars or more but less than five hundred million dollars, the percentage shall be no more than a correspondingly appropriate number of shares based on total asset size (for example, twenty percent in the case of a converting savings bank with total assets of approximately two hundred seventy five million dollars); and(2) The shares shall be allocated among directors, officers, and employees on an equitable basis such as by giving weight to period of service, compensation, and position, subject to a reasonable limitation on the amount of shares which may be purchased by any person or associate thereof, or group of affiliated persons or group of persons otherwise acting in concert.[ 1981 c 85 § 27.]
WA Rev Code § 32.32.145 (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.|32.32.145 - Receipt of certain subscription rights by account holders permitted—Amount—Conditions.

RCW 32.32.145 Receipt of certain subscription rights by account holders permitted—Amount—Conditions.Any account holder receiving rights to purchase stock in the subscription offering may also receive, without payment, nontransferable subscription rights to purchase up to one percent of the total offering of shares of capital stock, to the extent that the shares are available after satisfying the subscription under RCW 32.32.045 and 32.32.055, subject to such conditions as may be provided in the plan of conversion. In the event of an oversubscription for the additional shares, the shares available shall be allocated among the subscribing eligible account holders and supplemental eligible account holders on such equitable basis, related to the amounts of their respective subscriptions, as may be provided in the plan of conversion. Where possible the subscriptions shall be allocated in such a manner that total purchases by eligible account holders and supplemental eligible account holders shall be rounded to the nearest one hundred shares.[ 1981 c 85 § 28.]
WA Rev Code § 32.32.150 (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.|32.32.150 - Permissible sales of insignificant residue of shares.

RCW 32.32.150 Permissible sales of insignificant residue of shares.Any insignificant residue of shares not sold in the subscription offering or in a public offering referred to in RCW 32.32.060 may be sold in such other manner as provided in the plan with the director's approval.[ 1994 c 92 § 360; 1985 c 56 § 20; 1981 c 85 § 29.]
WA Rev Code § 32.32.155 (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.|32.32.155 - Limitation on number of shares subscribed in subscription offering permitted.

RCW 32.32.155 Limitation on number of shares subscribed in subscription offering permitted.The number of shares which any person, or group of persons affiliated with each other or otherwise acting in concert, may subscribe for in the subscription offering may be made subject to a limit of not less than one percent of the total offering of shares.[ 1981 c 85 § 30.]
WA Rev Code § 32.32.160 (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.|32.32.160 - Minimum purchase requirement in exercise of subscription rights permitted.

RCW 32.32.160 Minimum purchase requirement in exercise of subscription rights permitted.Any person exercising subscription rights to purchase capital stock may be required to purchase a minimum of up to twenty-five shares to the extent the shares are available (but the aggregate price for any minimum share purchase shall not exceed five hundred dollars).[ 1981 c 85 § 31.]
WA Rev Code § 32.32.165 (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.|32.32.165 - Stock option plan permitted—Reserved shares.

RCW 32.32.165 Stock option plan permitted—Reserved shares.A stock option plan may be adopted by the board of directors at the meeting at which the plan of conversion is voted upon. The number of shares reserved for the stock option plans should be limited to ten percent of the number of shares sold in the conversion.[ 1981 c 85 § 32.]
WA Rev Code § 32.32.170 (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.|32.32.170 - Issuance of securities in lieu of capital stock permitted—References to capital stock.

RCW 32.32.170 Issuance of securities in lieu of capital stock permitted—References to capital stock.The converted savings bank may issue and sell, in lieu of shares of its capital stock, units of securities consisting of capital stock or other equity securities, in which event any reference in this chapter to capital stock shall apply to the units of equity securities unless the context otherwise requires.[ 1981 c 85 § 33.]
WA Rev Code § 32.32.175 (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.|32.32.175 - Approval of other equitable provisions.

RCW 32.32.175 Approval of other equitable provisions.The director may approve such other equitable provisions as are necessary to avert imminent injury to the converting savings bank.[ 1994 c 92 § 361; 1981 c 85 § 34.]