Washington · statute · Wash. Rev. Code ch. 30B.20 · 3 active provisions
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 han…
(1) The director may establish by rule a plan for the safe and sound deposit of trust funds by a state trust company with itself as an investment, if:(a) The investment of the trust deposits is authorized in writing by the settlor or the beneficiary;(b) The state trust company maintains as security for the trust deposi…
(1) Consistent with RCW 11.102.010, a state trust company may establish common trust funds to provide investment to itself as a fiduciary.(2) The director may adopt rules to administer and carry out this section and RCW 11.102.010, including but not limited to rules to establish investment and participation limitations…