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Current as of April 06, 2022 | Updated by FindLaw Staff
A local government holding abandoned intangible property that is not forwarded to the department of revenue, as authorized under RCW 63.29.190, shall not be required to maintain current records of this property for longer than five years after the property is presumed to be abandoned, and at that time may archive records of this intangible property and transfer the intangible property to its general fund. However, the local government shall remain liable to pay the intangible property to a person or entity subsequently establishing its ownership of this intangible property.
Cite this article: FindLaw.com - Washington Revised Code Title 63. Personal Property § 63.29.135. Abandoned intangible property held by local government - last updated April 06, 2022 | https://codes.findlaw.com/wa/title-63-personal-property/wa-rev-code-63-29-135/
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 or via Westlaw before relying on it for your legal needs.
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