Section 11.98A.080. Statutory trust advisor subject to court jurisdiction.

(1) By accepting appointment to serve as a statutory trust advisor, the statutory trust advisor submits personally to the jurisdiction of the courts of this state even if investment advisory agreements or other related agreements provide otherwise, and the statutory trust advisor may be made a party to any action or proceeding relating to a decision, action, or inaction of the statutory trust advisor.

(2) A statutory trust advisor is not a necessary party to a judicial proceeding involving the trust under RCW 11.96A.080 or to a nonjudicial agreement involving the trust made under RCW 11.96A.220, unless the matter that is the subject of the proceeding or agreement affects the duties or functions being performed by the statutory trust advisor.

[ 2015 c 115 § 11.]

2015 c 115 § 11.