Washington Code 80.04.280 – Purchase and sale of stock by employees
Current as of: 2023 | Check for updates
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No public service company shall permit any employee to sell, offer for sale, or solicit the purchase of any security of any other person or corporation during such hours as such employee is engaged to perform any duty of such public service company; nor shall any public service company by any means or device require any employee to purchase or contract to purchase any of its securities or those of any other person or corporation; nor shall any public service company require any employee to permit the deduction from his or her wages or salary of any sum as a payment or to be applied as a payment of any purchase or contract to purchase any security of such public service company or of any other person or corporation.
Terms Used In Washington Code 80.04.280
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Corporation: includes a corporation, company, association or joint stock association. See Washington Code 80.04.010
- Person: includes an individual, a firm or partnership. See Washington Code 80.04.010
- Public service company: includes every gas company, electrical company, telecommunications company, wastewater company, and water company. See Washington Code 80.04.010