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Current as of January 01, 2025 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Washington Revised Code Title 32. Washington Savings Bank Act § 32.32.120. Registration of securities--Marketing of securities--Listing of shares on securities exchange or NASDAQ quotation system - last updated January 01, 2025 | https://codes.findlaw.com/wa/title-32-washington-savings-bank-act/wa-rev-code-32-32-120/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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