Washington § 32.32.250 - Adoption of plan of conversion — Notice to and inspection by account holders — Statement and letter — Press release authorized.

Full text of Washington Revised Code of Washington § 32.32.250 — Adoption of plan of conversion — Notice to and inspection by account holders — Statement and letter — Press release authorized., with citation guidance and answers to common questions.

§ 32.32.250. Adoption of plan of conversion — Notice to and inspection by account holders — Statement and letter — Press release authorized.

Promptly after the adoption of a plan of conversion by not less than two-thirds of its board of directors, the savings bank shall:
(1) Notify its account holders of the action by publishing a statement in a newspaper having general circulation in each community in which an office of the savings bank is located and/or by mailing a letter to each of its account holders; and
(2) Have copies of the adopted plan of conversion available for inspection by its account holders at each office of the savings bank.
The savings bank may also issue a press release with respect to the action. Copies of the proposed statement, letter, and press release are not required to be filed with the director but may be submitted to the director for comment. Copies of the definitive statement, letter, and press release shall be filed with the director as part of the application for conversion.
[ 1994 c 92 s 370; 1981 c 85 s 49.]

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

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Frequently Asked Questions About Washington § 32.32.250

What does Revised Code of Washington § 32.32.250 cover?

Section 32.32.250 ("Adoption of plan of conversion — Notice to and inspection by account holders — Statement and letter — Press release authorized.") 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 § 32.32.250?

A common citation format is "Revised Code of Washington § 32.32.250" (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 § 32.32.250 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.