Statutes > Washington Statutes > Title 32 - Mutual savings banks > 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.

32.32.070 - Limitation on purchase of shares by officers, directors, and their associates -- Amount.

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.]