Washington § 32.32.280 - Offers and sales of securities — Prohibitions.

Full text of Washington Revised Code of Washington § 32.32.280 — Offers and sales of securities — Prohibitions., with citation guidance and answers to common questions.

§ 32.32.280. Offers and sales of securities — Prohibitions.

No offer to sell securities of an applicant pursuant to a plan of conversion may be made prior to approval by the director of the application for conversion. No sale of these securities in the subscription offering may be made except by means of the final offering circular for the subscription offering. No sale of unsubscribed securities may be made except by means of the final offering circular for the public offering or direct community marketing. The offering of shares in the direct community marketing may commence during the subscription offering upon the declaration of effectiveness by the director of the offering circular proposed for the community offering. This section shall not apply to preliminary negotiations or agreements between an applicant and any underwriter or among underwriters who are to be in privity of contract with the applicant.
[ 1994 c 92 s 375; 1981 c 85 s 55.]

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

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Frequently Asked Questions About Washington § 32.32.280

What does Revised Code of Washington § 32.32.280 cover?

Section 32.32.280 ("Offers and sales of securities — Prohibitions.") 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 § 32.32.280?

A common citation format is "Revised Code of Washington § 32.32.280" (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 § 32.32.280 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.