Washington § 21.20.250 - Registration by qualification or coordination — Escrow — Impounding proceeds.

Full text of Washington Revised Code of Washington § 21.20.250 — Registration by qualification or coordination — Escrow — Impounding proceeds., with citation guidance and answers to common questions.

§ 21.20.250. Registration by qualification or coordination — Escrow — Impounding proceeds.

The director may by rule or order require as a condition of registration by qualification or coordination (1) that any security issued within the past three years or to be issued to a promoter for a consideration substantially different from the public offering price, or to any person for a consideration other than cash, be deposited in escrow; and (2) that the proceeds from the sale of the registered security in this state be impounded until the issuer receives a specified amount from the sale of the security either in this state or elsewhere. The director may by rule or order determine the conditions of any escrow or impounding required hereunder but the director may not reject a depository solely because of location in another state.
[ 1979 ex.s. c 68 s 15; 1959 c 282 s 25.]

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

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Frequently Asked Questions About Washington § 21.20.250

What does Revised Code of Washington § 21.20.250 cover?

Section 21.20.250 ("Registration by qualification or coordination — Escrow — Impounding proceeds.") 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.

How do I cite Washington § 21.20.250?

A common citation format is "Revised Code of Washington § 21.20.250" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 21.20.250 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Washington.