S-3804.1          _______________________________________________

                                 SENATE BILL 6485

                  _______________________________________________

State of Washington              52nd Legislature             1992 Regular Session

By Senator von Reichbauer

Read first time 02/05/92.  Referred to Committee on Financial Institutions & Insurance.Exempting use of "CHFC" from definition of investment adviser.

     AN ACT Relating to investment advisers; and adding a new section to chapter 21.20 RCW.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION. Sec. 1.  A new section is added to chapter 21.20 RCW to read as follows:

     For the purposes of this chapter, a person does not hold himself or herself out as an investment adviser by using the designation "CHFC" in an advertisement, on a card or letterhead, or otherwise.