Statutes > Washington Statutes > Title 32 - Mutual savings banks > 32.32 - Conversion of mutual savings bank to capital stock savings bank. > 32.32.440 - Certain agreement to transfer and transfers of ownership in rights or securities prohibited.

32.32.440 - Certain agreement to transfer and transfers of ownership in rights or securities prohibited.

Certain agreement to transfer and transfers of ownership in rights or securities prohibited.

Prior to completion of a conversion, no person may transfer or enter into any agreement or understanding to transfer the legal or beneficial ownership of conversion subscription rights, or the underlying securities, to the account of another.

[1981 c 85 § 87.]