Chapter 21.20 RCW

SECURITIES ACT OF WASHINGTON

Sections

DEFINITIONS
21.20.005Definitions.
FRAUDULENT AND OTHER PROHIBITED PRACTICES
21.20.010Unlawful offers, sales, purchases.
21.20.020Unlawful acts of person advising another.
21.20.030Unlawful acts of investment adviser.
21.20.035Unlawful purchases or sales for customer's account.
VARIABLE CONTRACTS
21.20.037Variable contractsRegistration requiredRules.
REGISTRATION AND NOTICE FOR BROKER-DEALERS,
SALESPERSONS, INVESTMENT ADVISERS,
AND INVESTMENT ADVISER SALESPERSONS
21.20.040Registration and notification requiredExemptions.
21.20.050Application for registrationFiling of documentsConsent to service of processFee.
21.20.060Contents of application for registrationCapital requirements.
21.20.070When registration effectiveRequirements determined by rule.
21.20.080Duration of registrationAssociation with issuer, broker-dealer, federal covered adviser, or investment adviserNotice to directorExtension of licensing period.
21.20.090Renewal of registrationFinancial reportsApplication for a successor.
21.20.100Accounts, correspondence, memoranda, papers, books, and other recordsRelease of informationCorrection of filed documentExamination.
21.20.110Director may deny, suspend, revoke, restrict, condition, or limit any application or registrationDirector may censure or fine registrantGroundsProceduresCostsAccounting.
21.20.120Denial, suspension, revocation of registrationOrderRequest for, notice of hearingFindings and conclusions.
21.20.130Cancellation of registration or applicationGrounds.
21.20.135License as salesperson or broker-dealer prerequisite to suit for commission.
REGISTRATION OF SECURITIES
21.20.140Unlawful to offer or sell unregistered securitiesExceptions.
REGISTRATION BY COORDINATION
21.20.180Registration by coordinationRequirementsStatement, contents.
21.20.190Time of taking effect of registration statement by coordinationConditions"Price amendment", notification.
21.20.200Failure to notify of price amendment, proof of complianceStop orderWaiver of certain conditions.
REGISTRATION BY QUALIFICATION
21.20.210Registration by qualificationStatementsRequirementsAudits.
21.20.220Information not required when nonissuer distribution.
21.20.230Time of taking effect of registration statement by qualificationConditions.
GENERAL PROVISIONS REGARDING REGISTRATION
OF SECURITIES
21.20.240Registration statementsGenerally.
21.20.250Registration by qualification or coordinationEscrowImpounding proceeds.
21.20.260Registration by coordination or qualificationOffer and saleDuration of effectiveness.
21.20.270Reports by filer of statementAnnual financial statements.
21.20.275Pending registrationNotice of terminationApplication for continuation.
DENIAL, SUSPENSION AND REVOCATION
OF REGISTRATION OF SECURITIES
21.20.280Stop ordersGrounds.
21.20.290Stop order prohibited if facts known on effective date of statement.
21.20.300Notification of entry of stop orderHearingFindings, conclusions, modification, etc.
EXEMPT SECURITIES
21.20.310Securities exempt from registration.
EXEMPT TRANSACTIONS
21.20.320Exempt transactions.
EXEMPT SECURITIES AND TRANSACTIONS
21.20.325Denial, revocation, condition, of exemptionsAuthorityProcedure.
FEDERAL COVERED SECURITY
21.20.327Required filingsConsent to serviceFailure to complyRulesFees.
CONSENT TO SERVICE OF PROCESS
21.20.330Consent to service of processService, how made.
FEES
21.20.340FeesDisposition.
MISLEADING FILINGS
21.20.350False or misleading statements in filed documents.
UNLAWFUL REPRESENTATIONS CONCERNING REGISTRATION
OR EXEMPTION
21.20.360Filing, registration, statement, exemption not conclusive as to truth or completenessUnlawful representations.
INVESTIGATIONS AND SUBPOENAS
21.20.370InvestigationsStatement of facts relating to investigation may be permittedPublication of informationUse of criminal history record information.
21.20.377Subpoena authorityApplicationContentsNoticeFees.
21.20.380OathsSubpoenasAssisting another stateCompelling obediencePunishment.
INJUNCTIONS AND OTHER REMEDIES
21.20.390Injunction, cease and desist order, restraining order, mandamusAppointment of receiver or conservator for insolventRestitution or damagesCostsAccounting.
21.20.395Administrative actionHearingJudicial reviewJudgment.
CRIMINAL LIABILITIES
21.20.400Penalty for violation of chapterLimitation of actions.
21.20.410Attorney general, prosecuting attorney may institute criminal proceedingReferral of evidence by director.
21.20.420Criminal punishment, chapter not exclusive.
CIVIL LIABILITIES
21.20.430Civil liabilitiesSurvival, limitation of actionsWaiver of chapter voidScienter.
DISCONTINUANCE OF VIOLATIONS
21.20.435Assurance of discontinuance of violationsAcceptanceFiling.
JUDICIAL REVIEW OF ORDERS
21.20.440Judicial review of orderModification of order by director on additional evidence.
ADMINISTRATION OF CHAPTER
21.20.450Administration of chapterRules and forms, publicationCooperation with other state and federal authorities.
21.20.460Administrator of securitiesAppointment, qualifications, term, etc.
21.20.470Compensation, travel expenses of administrator and employees.
21.20.480Unlawful use or disclosure of filed information.
21.20.490No liability under chapter for act in good faith.
21.20.500Administrative hearings publicException.
21.20.510Document filed when receivedRegisterInspection of register, information, etc.
21.20.520Copies of entries, documents to be furnishedCopies as prima facie evidence.
21.20.530Interpretative opinions by director.
PROOF OF EXEMPTION
21.20.540Exemptions, exceptions, and preemptionsBurden of proof.
ADDITIONAL PROVISIONS
21.20.700Investigations and examinationsAdditional authorityScope.
21.20.702Suitability of recommendationReasonable grounds required.
21.20.705Debenture companiesDefinitions.
21.20.710Debenture companiesCapital requirements.
21.20.715Debenture companiesMaturity date requirements.
21.20.717Debenture companiesControlling personExceptions.
21.20.720Debenture companiesProhibited activities by directors, officers, or controlling persons.
21.20.725Debenture companiesDebentures payable on demandInterestCertificates of debenture.
21.20.727Debenture companiesAcquisition of controlRequirementsViolationPenalty.
21.20.730Debenture companiesAcquisition of controlGrounds for disapproval.
21.20.732Debenture companiesNotice of chargesHearingCease and desist orders.
21.20.734Debenture companiesTemporary cease and desist orders.
21.20.740ReportsRequirements.
21.20.745ReportsViolations of reporting requirementsPenaltiesContribution.
21.20.750ReportsSuspension of sale of securities until reporting requirements complied with.
21.20.805Effective dateConstruction1973 1st ex.s. c 171.
21.20.810Application of chapter not limited.
21.20.815Debenture companiesEquity investments.
21.20.820Debenture companiesLoans to any one borrowerLimitations.
21.20.825Debenture companiesBad debts.
21.20.830Debenture companiesInvestments in unsecured loans.
21.20.835Debenture companiesDebenture holdersNotice of maturity date of debenture.
21.20.840Debenture companiesAnnual financial statement.
21.20.845Debenture companiesRules.
21.20.850Debenture companiesRecord maintenance and preservationExamination.
21.20.855Examination reports and informationExempt from public disclosureUse in civil actions.
21.20.860ConstructionChapter applicable to state registered domestic partnerships2009 c 521.
SMALL SECURITIES OFFERINGS
21.20.880Small securities offeringsExemptionsAnnual reportsDisqualification provisionsRules.
STATUTORY POLICY
21.20.900Construction to secure uniformity.
REPEAL AND SAVING PROVISIONS
21.20.910SavingCivil, criminal proceedings.
21.20.915SavingPrior effective registrations.
21.20.920Application of prior law.
21.20.925Judicial review of prior administrative orders.
21.20.930Solicitation permits under insurance laws not limited.
21.20.935Repealer.
SHORT TITLE
21.20.940Short title.

NOTES:

Reviser's note: Powers, duties, and functions of the department of licensing relating to securities were transferred to the department of financial institutions by 1993 c 472, effective October 1, 1993. See RCW 43.320.011.
"Bucket shop": RCW 9.47.080, 9.47.090.
Business corporations: Title 23B RCW.
Camping resort contractsNonapplicability of certain laws to: RCW 19.105.510.
Corporate seals, effect of nonuse: RCW 64.04.105.
Exemption of timeshares from chapter: RCW 64.36.290.
False stock subscriptions: RCW 9.24.010.
Fraudulent issue of stock: RCW 9.24.020.
Life settlements: Chapter 48.102 RCW.
Negotiable instruments: Title 62A RCW.
Permit to sell stock of domestic insurance company: Chapter 48.06 RCW.
Public service company securities: Chapter 81.08 RCW.
Sale of capital notes and debentures by banks and trust companies: Chapter 30A.36 RCW.
Securities of public utilities: Chapter 80.08 RCW.
Trust receipts: Title 62A RCW.
Uniform Commercial CodeInvestment securities: Article 62A.8 RCW.
Written statement of purchase or sale to be furnished market trader: RCW 9.47.100.
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