Washington § 9.24.020 - Fraudulent issue of stock, scrip, etc.

Full text of Washington Revised Code of Washington § 9.24.020 — Fraudulent issue of stock, scrip, etc., with citation guidance and answers to common questions.

§ 9.24.020. Fraudulent issue of stock, scrip, etc.

Every officer, agent or other person in the service of a joint stock company or corporation, domestic or foreign, who, willfully and knowingly with intent to defraud:
(1) Sells, pledges, or issues, or causes to be sold, pledged, or issued, or signs or executes, or causes to be signed or executed, with intent to sell, pledge, or issue, or cause to be sold, pledged, or issued, any certificate or instrument purporting to be a certificate or evidence of ownership of any share or shares of such company or corporation, or any conveyance or encumbrance of real or personal property, contract, bond, or evidence of debt, or writing purporting to be a conveyance or encumbrance of real or personal property, contract, bond or evidence of debt of such company or corporation, without being first duly authorized by such company or corporation, or contrary to the charter or laws under which such company or corporation exists, or in excess of the power of such company or corporation, or of the limit imposed by law or otherwise upon its power to create or issue stock or evidence of debt; or,
(2) Reissues, sells, pledges, disposes of, or causes to be reissued, sold, pledged, or disposed of, any surrendered or canceled certificate or other evidence of the transfer of ownership of any such share or shares
is guilty of a class B felony and shall be punished by imprisonment in a state correctional facility for not more than ten years, or by a fine of not more than five thousand dollars, or by both.
[ 2003 c 53 s 17; 1992 c 7 s 5; 1909 c 249 s 387; RRS s 2639. Formerly RCW 9.37.070.]

Notes

Intent—Effective date—2003 c 53: See notes following RCW 2.48.180.

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

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Frequently Asked Questions About Washington § 9.24.020

What does Revised Code of Washington § 9.24.020 cover?

Section 9.24.020 ("Fraudulent issue of stock, scrip, etc.") 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 § 9.24.020?

A common citation format is "Revised Code of Washington § 9.24.020" (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 § 9.24.020 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.