21.20.715 - Debenture companies -- Maturity date requirements.

Debenture companies — Maturity date requirements.

Any debenture company offering debt securities to the public shall provide that at least fifty percent of the amount of those securities sold have maturity dates of two years or more.

[1987 c 421 § 2; 1973 1st ex.s. c 171 § 8.]

Notes: Effective date -- Application -- Severability -- 1987 c 421: See notes following RCW 21.20.705.

Effective date -- Construction -- Severability -- 1973 1st ex.s. c 171: See RCW 21.20.800 and 21.20.805.