Other LanguagesA Nevada corporation seeking permission to sell its stock in this state and which intends to engage in the insurance field is within the jurisdiction of the insurance commissioner for acts provided in RCW 21.04.060. The above‑mentioned corporation is not required to qualify as a foreign corporation within the State of Washington in order to sell securities.
The "Founder's Life‑Lease Agreement" which provides for a life lease of an apartment in consideration for certain payments constitutes a security within the definition of RCW 21.04.010 (2) (c).
A life‑lease agreement which provides for a life lease of an apartment in consideration for certain payments does not constitute a security.
(1) An individual soliciting the sale of securities to members of the public under a solicitation permit pursuant to RCW chapter 48.06 must comply with the terms of RCW 21.04.090. (2) Companies for whom individuals under RCW 48.06.090 sell securities are required to be licensed pursuant to RCW 21.04.030.