Washington § 21.20.230 - Time of taking effect of registration statement by qualification — Conditions.

Full text of Washington Revised Code of Washington § 21.20.230 — Time of taking effect of registration statement by qualification — Conditions., with citation guidance and answers to common questions.

§ 21.20.230. Time of taking effect of registration statement by qualification — Conditions.

A registration statement by qualification under RCW 21.20.210 becomes effective if no stop order is in effect and no proceeding is pending under RCW 21.20.280 and 21.20.300, at three o'clock Pacific standard time in the afternoon of the fifteenth full business day after the filing of the registration statement or the last amendment, or at such earlier time as the director determines. The director may require as a condition of registration under this section that a prospectus containing any information necessary for complete disclosure of any material fact relating to the security offering be sent or given to each person to whom an offer is made before or concurrently with (1) the first written offer made to him or her (other than by means of a public advertisement) by or for the account of the issuer or any other person on whose behalf the offering is being made, or by any underwriter or broker-dealer who is offering part of an unsold allotment or subscription taken by him or her as a participant in the distribution, (2) the confirmation of any sale made by or for the account of any such person, (3) payment pursuant to any such sale, or (4) delivery of the security pursuant to any such sale, whichever first occurs; but the director may accept for use under any such requirement a current prospectus or offering circular regarding the same securities filed under the Securities Act of 1933 or regulations thereunder.
[ 1979 ex.s. c 68 s 14; 1975 1st ex.s. c 84 s 11; 1974 ex.s. c 77 s 4; 1961 c 37 s 6; 1959 c 282 s 23.]

Notes

Effective date—1974 ex.s. c 77: See note following RCW 21.20.040.

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 21.20.230

What does Revised Code of Washington § 21.20.230 cover?

Section 21.20.230 ("Time of taking effect of registration statement by qualification — Conditions.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

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