Title 30B — Title 30B WASHINGTON TRUST INSTITUTIONS ACT
14 chapters · 156 sections in this title.
RCW 30B.08.005 Who may organize a state trust company.
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Subject to the other provisions of this chapter, one or more persons may organize a state trust company.[ 2014 c 37 s 321.]
RCW 30B.08.010 Formation—Issuance of certificate of authority—Amendment of articles, etc.
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Except as set forth in this chapter or as may be prescribed by rule of the director, RCW 30A.08.020, 30A.08.040, 30A.08.050, 30A.08.055, 30A.08.060, 30A.08.070, 30A.08.081, 30A.08.082, 30A.08.083, 30A.08.084, 30A.08.086, 30A.08.087, 30A.08.088, 30A.08.090, 30A.08.092, and * 30A.0…
RCW 30B.08.020 Limited liability trust company—Organization or conversion—Approval of director—Conditions—Application of chapter 25.15 RCW.
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(1) If the conditions of this section are met, an applicant to become a state trust company may organize as a limited liability trust company pursuant to this chapter. An applicant to become a state trust company, which is already organized as a limited liability company pursuant…
RCW 30B.08.030 Application for state trust company certificate of authority.
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(1) An application for a certificate of authority to become a state trust company must be made under oath and in the form required by the director and must be supported by information, data, records, and opinions of counsel that the director requires including, without limitation…
RCW 30B.08.040 Notice and investigation of application.
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(1) The director shall notify the organizers when the application is complete and accepted for filing and all required fees and deposits have been paid.(2) At the expense of the organizers, the director shall investigate the application and inquire into the identity and character…
RCW 30B.08.050 Required capital.
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(1) The director shall at time of application, to organize a state trust company, determine the minimum required initial capitalization of a proposed state trust company in the manner provided for in *RCW 30B.08.030(3)(b)(ii) and as further provided in this section.(2) The direct…
RCW 30B.08.060 Capital notes or debentures.
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(1) With the prior written approval of the director, any state trust company may at any time, through action of its board of directors, issue and sell its capital notes or debentures, which shall be subordinate to the claims of depositors and other creditors.(2) Unless otherwise …
RCW 30B.08.070 Application of general business corporation laws.
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(1) A state trust company shall be deemed a distinct type of corporation or limited liability trust company whose certificate of authority may be granted, conditioned, canceled, or revoked only by the department.(2) Title 23B RCW applies to a state trust company in corporation fo…
RCW 30B.08.080 Powers of a state trust company.
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(1) Upon the issuance of a certificate of authority to a state trust company as prescribed in this chapter and its commencement of business pursuant to such certificate of authority, it shall be a corporation or limited liability company for the purpose of engaging in trust busin…
RCW 30B.08.090 Additional powers of a state trust company—Federal and interstate parity—Disallowance by director.
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(1) Notwithstanding any restrictions, limitations, and requirements of law, in addition to all powers, express or implied, that a state trust company has under the laws of Washington state, a state trust company has the powers and authorities conferred as of July 28, 2019, upon a…
RCW 30B.08.100 Scope of regulated activities of a state trust company.
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Notwithstanding the definition of "trust business" as set forth in RCW 30B.04.005, the director has the authority to regulate the exercise of all powers and authorities of a state trust company which are enumerated in RCW 30B.08.080 and which may be conferred by way of parity und…
RCW 30B.08.110 Internet trust business.
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(1) A person engaged in trust business in this state by use of the internet is subject to regulation by the department under this title, unless it is:(a) An out-of-state trust institution approved under chapter 30B.38 RCW or acting under authority of RCW 30B.72.010; or(b) An exem…