Revised Code of Washington (RCW) (Last Updated: August 9, 2016) |
Title 30B. WASHINGTON TRUST INSTITUTIONS ACT |
Chapter 30B.64. Private trusts and private trust companies. |
Section 30B.64.010. Private trusts and private trust companies exempt—Exception for change of control.
Latest version.
- (1) A private trust or private trust company is exempt from the requirement of a certificate of authority or regulation under this title.(2) Notwithstanding subsection (1) of this section, a transfer or change of control of a private trust or private trust company to a person or persons other than family members constitutes unauthorized trust activity unless the resulting private trust company is a trust institution authorized to do business in this state.