Washington § 30B.38.040 Notice of approval or denial by director.

Washington Statutes

§ 30B.38.040 — Notice of approval or denial by director.

Washington § 30B.38.040

Title 30BWASHINGTON TRUST INSTITUTIONS ACT

Ch. 30B.38OUT-OF-STATE TRUST INSTITUTIONS

This text of Washington § 30B.38.040 (Notice of approval or denial by director.) 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.38.040 (2026).

Text

(1)The director must, within sixty days after receiving a complete written application under RCW 30B.38.030 , including any waiver request, notify the home state regulator and the out-of-state trust institution of the director's approval or denial of the written application or waiver request, including any other conditions for approval that the director may require.

(2)The sixty-day period of review may be extended by the director on a determination that the written notice raises issues that require additional information or additional time for analysis. If the period of review is extended, the out-of-state trust institution may engage in trust business in Washington state only on prior written approval by the director.

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(1) The director must, within sixty days after receiving a complete written application under RCW 30B.38.030 , including any waiver request, notify the home state regulator and the out-of-state trust institution of the director's approval or denial of the written application or waiver request, including any other conditions for approval that the director may require.

(2) The sixty-day period of review may be extended by the director on a determination that the written notice raises issues that require additional information or additional time for analysis. If the period of review is extended, the out-of-state trust institution may engage in trust business in Washington state only on prior written approval by the director.