State Codes and Statutes
Statutes > Washington > Title-32 > 32-32 > 32-32-120Registration 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.]
