Title 30B — Title 30B WASHINGTON TRUST INSTITUTIONS ACT
14 chapters · 156 sections in this title.
RCW 30B.38.005 Trust business at a trust office.
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(1) An out-of-state trust institution that meets the requirements of this chapter is not required to maintain a physical trust office in Washington state.(2) An out-of-state trust institution that does not operate a trust office in Washington state and that meets the requirements…
RCW 30B.38.010 Preexisting approved out-of-state trust institutions.
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Notwithstanding any other provision of this title, an out-of-state trust institution that complies with RCW 30B.38.020(1) and 30B.72.010 is exempt from the requirements of RCW 30B.38.030 and 30B.38.040.[ 2014 c 37 s 367.]
RCW 30B.38.020 Trust business of out-of-state trust institution—Prerequisite of reciprocity—Authority of director.
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(1) Except as authorized by federal law, by another law of Washington state, or by a written finding of the director waiving some or all of the requirements of this section in the interest of facilitating financial interstate commerce, an out-of-state trust institution shall not …
RCW 30B.38.030 Requirement of notice.
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An out-of-state trust institution desiring to engage in trust business in Washington state shall provide, or cause its home state regulator to provide, written notice to the director of its intent to engage in trust business in Washington state, accompanied by a written applicati…
RCW 30B.38.040 Notice of approval or denial by director.
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(1) The director must, within sixty days after receiving a complete written application under RCW 30B.38.030, including any waiver request, notify the home state regulator and the out-of-state trust institution of the director's approval or denial of the written application or wa…
RCW 30B.38.050 Additional trust offices.
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An out-of-state trust institution that maintains a trust office in this state under this chapter may establish or acquire additional trust offices in this state to the same extent that a state trust company may establish or acquire additional offices in this state.[ 2014 c 37 s 3…
RCW 30B.38.060 Examinations of out-of-state trust institutions—Periodic reports—Cooperative agreements—Assessment of fees.
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(1) To the extent consistent with subsections (3), (4), and (5) of this section, the director may make such examinations and investigations of an out-of-state trust institution engaged in trust business in this state as the director may deem necessary to determine whether the out…
RCW 30B.38.070 Enforcement.
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(1) Consistent with chapter 30B.10 RCW, the director may determine an out-of-state trust institution engaging in trust business in Washington state, or its affiliate, is in violation of any provision of this title or is operating in an unsafe and unsound manner.(2) The director s…
RCW 30B.38.080 Notice of subsequent merger, closing, etc.
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Each out-of-state trust institution that maintains an office in Washington state or otherwise conducts trust business in Washington state pursuant to this chapter, or the home state regulator of such trust institution, shall give at least thirty days' prior written notice, or in …
RCW 30B.38.090 Functionally unregulated out-of-state trust institutions.
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Notwithstanding any other provision of this chapter, an out-of-state trust institution engaging in trust business in Washington state, which is not an exempt person under RCW 30B.04.040 and which by reason of the laws of its home state is not, in the opinion of the director, subj…
RCW 30B.38.100 State trust company operating in another state—Approval of director.
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(1) Upon written approval of the director, a state trust company may conduct the business of a trust company in a host state, subject to the authority, requirements, and restrictions of the host state, or as otherwise directed by a cooperative agreement between the department and…