§ 63.48.010 Accounts presumed abandoned and to escheat to state
§ 63.48.020 Director to request federal records
§ 63.48.030 Escheat proceedings brought in Thurston county
§ 63.48.040 Notice to depositors whose accounts are to be escheated
§ 63.48.050 Copy of judgment presented for payment — Disposition of proceeds
§ 63.48.060 Indemnification for losses as result of escheat proceedings — Source

Terms Used In Washington Code > Chapter 63.48 - Escheat of postal savings system accounts

  • 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
  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC