32.32.120 - Registration of securities -- Marketing of securities -- Listing of shares on securities exchange or NASDAQ quotation system. - Washington Statutes

Registration 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.]