Washington § 30A.44.220 Disposition of proceeds—Escheat.

Washington Statutes

§ 30A.44.220 — Disposition of proceeds—Escheat.

Washington § 30A.44.220

Title 30AWASHINGTON COMMERCIAL BANK ACT

Ch. 30A.44INSOLVENCY AND LIQUIDATION

This text of Washington § 30A.44.220 (Disposition of proceeds—Escheat.) 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.44.220 (2026).

Text

The proceeds of such sale shall be deposited by the director in a bank to his or her credit, in trust for the benefit of the person entitled thereto, and shall be paid by him or her to such person upon receipt of satisfactory evidence of his or her right thereto.

All moneys so deposited remaining unclaimed for five years after deposit shall escheat to the state for the benefit of the permanent school fund and shall be paid by the director into the state treasury. It shall not be necessary to have the escheat adjudged in a suit or action.

Free access — add to your briefcase to read the full text and ask questions with AI

The proceeds of such sale shall be deposited by the director in a bank to his or her credit, in trust for the benefit of the person entitled thereto, and shall be paid by him or her to such person upon receipt of satisfactory evidence of his or her right thereto.

All moneys so deposited remaining unclaimed for five years after deposit shall escheat to the state for the benefit of the permanent school fund and shall be paid by the director into the state treasury. It shall not be necessary to have the escheat adjudged in a suit or action.