Permit authorizing sale of stock—Applicability.
Applied in 1 court decision — leading case Manufactured Housing Communities v. State (2000)
Most recently applied in Manufactured Housing Communities v. State (November 2000)
1994 c 92 s 484; 1982 c 3 s 101; 1973 c 130 s 5.
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).
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.