Washington § 33.48.190 - Permit authorizing sale of guaranty stock — Required prior to sale of issued or outstanding stock.

Full text of Washington Revised Code of Washington § 33.48.190 — Permit authorizing sale of guaranty stock — Required prior to sale of issued or outstanding stock., with citation guidance and answers to common questions.

§ 33.48.190. Permit authorizing sale of guaranty stock — Required prior to sale of issued or outstanding stock.

No issued and outstanding stock of an association shall be sold or offered for sale to the public, nor shall subscriptions be solicited or taken for such sales until the association or the selling stockholders have applied for and secured from the director a permit authorizing the sale of the guaranty stock.
This section shall not apply to an offering involving less than ten percent of the issued and outstanding guaranty stock of an association and less than five hundred thousand dollars nor to an offering made under a registration statement filed under the Securities Act of 1933 (48 Stat. 74; 15 U.S.C. Sec. 77a).
[ 1994 c 92 s 485; 1973 c 130 s 9.]

Notes

Severability—1973 c 130: See note following RCW 33.24.350.
Definitions—1973 c 130: See RCW 33.24.350.

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

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Frequently Asked Questions About Washington § 33.48.190

What does Revised Code of Washington § 33.48.190 cover?

Section 33.48.190 ("Permit authorizing sale of guaranty stock — Required prior to sale of issued or outstanding stock.") 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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A common citation format is "Revised Code of Washington § 33.48.190" (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.

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