Washington § 30B.10.240 Statute of limitations.

Washington Statutes

§ 30B.10.240 — Statute of limitations.

Washington § 30B.10.240

Title 30BWASHINGTON TRUST INSTITUTIONS ACT

Ch. 30B.10DIRECTOR'S AUTHORITY—SUPERVISION AND EXAMINATION—ENFORCEMENT

This text of Washington § 30B.10.240 (Statute of limitations.) 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 § 30B.10.240 (2026).

Text

(1)An action seeking any remedy under RCW 30B.10.070 , 30B.10.080 , or 30B.10.190 shall commence no later than five years after the cause of action accrued.

(2)A cause of action under this section is deemed to have accrued at the later of the following events:

(a)The occurrence of the act or omission;

(b)When the department discovers or should have discovered that the act or omission has occurred;

(c)When the department discovers or should have discovered that the act or omission has negatively impacted the capital status or other element of safety or soundness of a state trust company or out-of-state trust company doing business in Washington state; or

(d)Where an act or omission is part of a pattern or practice, upon the occurrence of the most recent act or omission comprising

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(1) An action seeking any remedy under RCW 30B.10.070 , 30B.10.080 , or 30B.10.190 shall commence no later than five years after the cause of action accrued.

(2) A cause of action under this section is deemed to have accrued at the later of the following events:

(a) The occurrence of the act or omission;

(b) When the department discovers or should have discovered that the act or omission has occurred;

(c) When the department discovers or should have discovered that the act or omission has negatively impacted the capital status or other element of safety or soundness of a state trust company or out-of-state trust company doing business in Washington state; or

(d) Where an act or omission is part of a pattern or practice, upon the occurrence of the most recent act or omission comprising the pattern or practice. A cause of action under this subsection may include all acts or omissions comprising the pattern or practice if the cause of action is timely as to the most recent act or omission.