Washington Statutes
§ 30B.20.005 — General prohibition on deposit taking.
Washington § 30B.20.005
JurisdictionWashington
Title 30BWASHINGTON TRUST INSTITUTIONS ACT
Ch. 30B.20STATE TRUST COMPANIES—TRUST DEPOSITS AND COMMON TRUST FUNDS
This text of Washington § 30B.20.005 (General prohibition on deposit taking.) 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.20.005 (2026).
Text
Except as authorized by this chapter or other governing law, a trust company may not take or hold deposits of funds in this state unless:
(1)It is authorized to do business in this state as a depository institution; and
(2)Complies with all applicable federal and state laws and regulations respecting the taking and handling of monetary deposits.
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Legislative History
[2014 c 37 s 360.]
Nearby Sections
15
§ 30B.04.002
Short title.§ 30B.04.005
Definitions.§ 30B.04.010
Name of trust institution—Use of trust in name.§ 30B.04.030
Persons authorized to act as a fiduciary.§ 30B.04.050
Persons subject to the requirement of a certificate of authority or approval under this title.§ 30B.04.060
Confidentiality of examination information.§ 30B.04.080
Transactions in state trust company shares.§ 30B.04.090
Investment of corporate funds—Securities.§ 30B.04.100
Investment in corporations—Subsidiaries.§ 30B.04.110
Pledge of assets.§ 30B.04.120
Investment in state trust company facilities.§ 30B.04.130
Separation of trust records—Recordkeeping.Cite This Page — Counsel Stack
Bluebook (online)
Washington § 30B.20.005, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/30B.20.005.