§ 30B.53.002 Applicability of chapter
§ 30B.53.005 Definitions
§ 30B.53.010 Approval by director — Required
§ 30B.53.020 Contents of merger agreement — Approval by each board of directors — Requirements for director’s approval
§ 30B.53.030 Approval by shareholders — Voting — Notice
§ 30B.53.040 Effective date of merger — Certificate of merger
§ 30B.53.050 Resulting trust company — Property, rights, powers, and duties
§ 30B.53.060 Dissenting shareholders — May receive value in cash — Appraisal
§ 30B.53.070 Valuation of assets — Books of merging trust company
§ 30B.53.080 Sale of assets
§ 30B.53.090 Acquisition of control of state trust company — Notice and application — Registration statement — Violations — Penalties
§ 30B.53.100 Acquisition of control of state trust company — Disapproval by director — Change of officers
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Terms Used In Washington Code > Chapter 30B.53 - State trust companies -- Merger, consolidation, and conversion

  • Appraisal: A determination of property value.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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
  • Conviction: A judgement of guilt against a criminal defendant.
  • 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
  • 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.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Fiduciary: A trustee, executor, or administrator.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Manager: means a person elected to the board of a limited liability trust company. See Washington Code 30B.04.005
  • 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
  • Share: means a unit into which a proprietary interest of a trust institution is divided or subdivided by means of class, series, relative rights, or preferences, and includes beneficial interests in a state trust company organized as a corporation or limited liability company. See Washington Code 30B.04.005
  • 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
  • Trust institution: means a depository institution or foreign bank engaged in trust business, or a trust company. See Washington Code 30B.04.005
  • Trustee: A person or institution holding and administering property in trust.