§ 30B.44B.005 When director may take possession
§ 30B.44B.010 Mutual consent to dissolution and liquidation
§ 30B.44B.030 Possession of trust assets and company assets and property with the director — Bar against attachment proceedings
§ 30B.44B.040 Director’s right to take possession may be contested
§ 30B.44B.050 Powers and duties of director — Prohibition against liens
§ 30B.44B.060 Notice to creditors — Claims
§ 30B.44B.070 Executory contract or unexpired lease — Permitted actions by director
§ 30B.44B.080 Inventory — List of claims
§ 30B.44B.090 Objections to approved claims
§ 30B.44B.100 Temporary receiver — Prohibited except in emergency
§ 30B.44B.110 Preferences prohibited — Penalty
§ 30B.44B.120 Expense of liquidation — Priority for director’s expenses
§ 30B.44B.130 Liquidation after claims are paid
§ 30B.44B.140 Disposition of unclaimed personal property
§ 30B.44B.150 Disposition of unclaimed personal property — Final notice — Sale
§ 30B.44B.160 Disposition of unclaimed personal property — Monetary funds
§ 30B.44B.170 Destruction of records after liquidation
§ 30B.44B.180 Reopening — Conditions
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Terms Used In Washington Code > Chapter 30B.44B - State trust companies -- Involuntary dissolution and liquidation

  • Affirmed: In the practice of the appellate courts, the decree or order is declared valid and will stand as rendered in the lower court.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Bank: has the meaning set forth in 12 U. See Washington Code 30B.04.005
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Capital: has the meaning ascribed to that term by generally accepted accounting principles and applicable rules of the financial accounting standards board, and includes surplus and undivided profits. See Washington Code 30B.04.005
  • Company: includes a bank, trust company, corporation, limited liability company, partnership, association, business trust, or another trust. See Washington Code 30B.04.005
  • Contract: A legal written agreement that becomes binding when signed.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Department: means the Washington state department of financial institutions. See Washington Code 30B.04.005
  • Director: means the director of the Washington state department of financial institutions. See Washington Code 30B.04.005
  • Escheat: Reversion of real or personal property to the state when 1) a person dies without leaving a will and has no heirs, or 2) when the property (such as a bank account) has been inactive for a certain period of time. Source: OCC
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiduciary: A trustee, executor, or administrator.
  • Insolvent: means a circumstance or condition in which a state trust company:
Washington Code 30B.04.005
  • Instrument: means a revocable or irrevocable trust document created inter vivos or testamentary or any custodial account agreement. See Washington Code 30B.04.005
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Oath: A promise to tell the truth.
  • Officer: means the presiding officer of the board, the principal executive officer, or another officer appointed by the board of a state trust company or other company, or a person or group of persons acting in a comparable capacity for the state trust company or other company. See Washington Code 30B.04.005
  • Person: means an individual, a company, or any other legal entity. See Washington Code 30B.04.005
  • Personal property: All property that is not real property.
  • Shareholder: means the holder of a share as defined in this section. See Washington Code 30B.04.005
  • State: means a state of the United States, the District of Columbia, a territory of the United States, Puerto Rico, Guam, American Samoa, the Trust Territory of the Pacific Islands, the Virgin Islands, and the Northern Mariana Islands. See Washington Code 30B.04.005
  • State trust company: means a corporation or a limited liability company organized or reorganized under this title, including a trust company organized under the laws of Washington state before January 5, 2015. See Washington Code 30B.04.005
  • Trust company: means a state trust company or any other company chartered to act as a fiduciary that is neither a depository institution nor a foreign bank. See Washington Code 30B.04.005
  • Trustor: The person who makes or creates a trust. Also known as the grantor or settlor.