Washington § 28B.10.487 Charitable gift annuities, issuance of by universities and The Evergreen State College—Obligation as to annuity payments.

Washington Statutes

§ 28B.10.487 — Charitable gift annuities, issuance of by universities and The Evergreen State College—Obligation as to annuity payments.

Washington § 28B.10.487

Title 28BHIGHER EDUCATION

Ch. 28B.10COLLEGES AND UNIVERSITIES GENERALLY

This text of Washington § 28B.10.487 (Charitable gift annuities, issuance of by universities and The Evergreen State College—Obligation as to annuity payments.) 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 § 28B.10.487 (2026).

Text

The obligation to make annuity payments to individuals under charitable gift annuity agreements issued by the board of a state university, regional university, or of the state college pursuant to RCW 28B.10.485 shall be secured by and limited to the assets given in exchange for the annuity and reserves established by the board. Such agreements shall not constitute:

(1)An obligation, either general or special, of the state; or

(2)A general obligation of a state university, regional university, or of the state college or of the board. Severability — 1979 c 130: See note following RCW 28B.10.485 .

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The obligation to make annuity payments to individuals under charitable gift annuity agreements issued by the board of a state university, regional university, or of the state college pursuant to RCW 28B.10.485 shall be secured by and limited to the assets given in exchange for the annuity and reserves established by the board. Such agreements shall not constitute:

(1) An obligation, either general or special, of the state; or

(2) A general obligation of a state university, regional university, or of the state college or of the board.

Severability — 1979 c 130: See note following RCW 28B.10.485 .