Washington Statutes

§ 30A.26.040 — Requirements for special deposit.

Washington § 30A.26.040
JurisdictionWashington
Title 30AWASHINGTON COMMERCIAL BANK ACT
Ch. 30A.26UNIFORM SPECIAL DEPOSITS ACT

This text of Washington § 30A.26.040 (Requirements for special deposit.) 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 § 30A.26.040 (2026).

Text

A deposit is a special deposit if it is:

(1)A deposit of funds in a bank under an account agreement;
(2)For the benefit of at least two beneficiaries, one or more of which may be a depositor;
(3)Denominated in a medium of exchange that is currently authorized or adopted by a domestic or foreign government;
(4)For a permissible purpose stated in the account agreement; and
(5)Subject to a contingency.

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Legislative History

[2024 c 23 s 5.]

Nearby Sections

15
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Bluebook (online)
Washington § 30A.26.040, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/30A.26.040.