Wash. Rev. Code § 30B.38.040
Notice of approval or denial by director
Washington · Revised Code of Washington Chapter 30B.38 — Out-of-State Trust Institutions · Status: effective
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- Citation
- Wash. Rev. Code § 30B.38.040, Notice of approval or denial by director, Washington, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1503733
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Full text
(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 waiver request, including any other conditions for approval that the director may require.
(2) The sixty-day period of review may be extended by the director on a determination that the written notice raises issues that require additional information or additional time for analysis. If the period of review is extended, the out-of-state trust institution may engage in trust business in Washington state only on prior written approval by the director.