Except as authorized by this chapter or other governing law, a trust company may not take or hold deposits of funds in this state unless:(1) It is authorized to do business in this state as a depository institution; and(2) Complies with all applicable federal and state laws and regulations respecting the taking and handling of monetary deposits.[ 2014 c 37 s 360.]
General prohibition on deposit taking.
RCW 30B.20.005 — under Chapter 30B.20 State trust companies—Trust deposits and common trust funds..
RCW 30B.20.005