Washington Code 19.40.905 – Effect on prior transfers and obligations — 2017 c 57
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(1) Chapter 57, Laws of 2017 applies to a transfer made or obligation incurred on or after July 23, 2017.
Terms Used In Washington Code 19.40.905
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Transfer: means every mode, direct or indirect, absolute or conditional, voluntary or involuntary, of disposing of or parting with an asset or an interest in an asset, and includes payment of money, release, lease, license, and creation of a lien or other encumbrance. See Washington Code 19.40.011
(2) Chapter 57, Laws of 2017 does not apply to a transfer made or obligation incurred before July 23, 2017.
(3) Chapter 57, Laws of 2017 does not apply to a right of action that has accrued before July 23, 2017.
(4) For the purposes of this section, a transfer is made and an obligation is incurred at the time provided in RCW 19.40.061.
[ 2017 c 57 § 14.]