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Current as of January 01, 2025 | Updated by Findlaw Staff
Subject to the conditions, restrictions, limitations, and requirements of this title, the following persons are authorized trust institutions in Washington state:
(1) A state trust company with a certificate of authority from the director to exercise the powers of a state trust company pursuant to chapter 30B.08 RCW;
(2) A state bank under Title 30A RCW exercising trust business powers under the authority of the director;
(3) A state bank under Title 32 RCW exercising trust business powers under the authority of the director;
(4) A *state savings association organized under Title 33 RCW exercising trust business powers under authority of Title 33 RCW as permitted by the director;
(5) A national bank authorized by the comptroller of the currency to act as a fiduciary in this state pursuant to 12 U.S.C. Sec. 92a;
(6) A federally chartered savings bank or *savings association authorized by the comptroller of the currency to act as a fiduciary in this state;
(7) An out-of-state state-chartered bank with a branch in this state established or maintained pursuant to and with trust powers under applicable law of a home state;
(8) An out-of-state trust institution with a trust office authorized by the director pursuant to this title;
(9) An alien bank under chapter 30A.42 RCW authorized by the director to act as a fiduciary or engage in trust business in this state pursuant to this title;
(10) A private trust or private trust company exempt from the regulation of the department under chapter 30B.64 RCW; or
(11) An exempt person under this title pursuant to RCW 30B.04.040.
Cite this article: FindLaw.com - Washington Revised Code Title 30B. Washington Trust Institutions Act § 30B.04.030. Persons authorized to act as a fiduciary - last updated January 01, 2025 | https://codes.findlaw.com/wa/title-30b-washington-trust-institutions-act/wa-rev-code-30b-04-030/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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