Limitation on purchase of shares by officers, directors, and their associates—Amount.

RCW 32.32.070 — under Chapter 32.32 Conversion of mutual savings bank to capital stock savings bank..

RCW 32.32.070

The number of shares which officers and directors of the converting savings bank and their associates may purchase in the conversion shall not exceed twenty-five percent of the total offering of shares.[ 1981 c 85 s 13.]