Washington Statutes
§ 18.11.230 — Trust account required for client funds.
Washington § 18.11.230
This text of Washington § 18.11.230 (Trust account required for client funds.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Wash. Rev. Code § 18.11.230 (2026).
Text
Auction proceeds due to a client that are received by the auctioneer or auction company and not paid to the client within twenty-four hours of the sale shall be deposited no later than the next business day by the auctioneer or auction company in a trust account for clients in a bank, savings and loan association, mutual savings bank, or licensed escrow agent located in the state. The auctioneer or auction company shall draw on the trust account only to pay proceeds to clients, or such other persons who are legally entitled to such proceeds, and to obtain the sums due to the auctioneer or auction company for services as set out in the written contract required under RCW 18.11.130 . Funds in the trust account shall not be subject to the debt of the auctioneer or auction company and shall no
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Related
§ 18.11.130
Washington § 18.11.130
Legislative History
[1987 c 336 s 4;1986 c 324 s 21.]
Nearby Sections
15
§ 18.04.015
Purpose.§ 18.04.025
Definitions.§ 18.04.045
Board—Officers and staff—Powers and duties.§ 18.04.055
Board—Rules.§ 18.04.065
Board—Fees—Disposition.§ 18.04.080
Compensation and travel expenses of members.§ 18.04.180
Reciprocity.§ 18.04.183
Accountants from foreign countries.§ 18.04.295
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Bluebook (online)
Washington § 18.11.230, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/18.11.230.