™Your Policy Risk Impact Agent
14 chapters · 156 sections in this title.
RCW 30B.53.002 Applicability of chapter.
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This chapter applies to any merger or change of control in which a state trust company is a party. [ 2019 c 389 s 92; 2014 c 37 s 387.]
RCW 30B.53.005 Definitions.
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Unless the context clearly requires otherwise, the definitions in this section apply throughout this chapter. (1) "Acquiring person" means a person acquiring or seeking to acquire control of a state trust company, directly or indirectly. (2) "Control," "controls," "controlled," a…
RCW 30B.53.010 Approval by director—Required.
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Upon approval by the director consistent with this chapter, merging trust companies, one of which is a state trust company, may be merged to result in a resulting trust company. [ 2019 c 389 s 96; 2014 c 37 s 389.]
RCW 30B.53.020 Contents of merger agreement—Approval by each board of directors—Requirements for director's approval.
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(1) The board of directors of each merging trust company shall, by a majority of the entire board, approve a merger agreement that must contain: (a) The name of each merging trust company and location of each office; (b) With respect to the resulting trust company, (i) the name a…
