Revised Code of Washington
Chapter 30A.08 - Organization and Powers.
30A.08.150 - Banks engaged in trust business.

RCW 30A.08.150
Banks engaged in trust business.

(1) Upon the issuance of a certificate of authority to a bank, the persons named in the articles of incorporation and their successors shall have the power to engage in trust business and other business the same as a state trust company as set forth in *RCW 30B.08.080(1) (b) through (q).
(2) Notwithstanding the powers of a trust business set forth in *RCW 30B.08.080(1) (b) through (k) and as the director may designate by rule pursuant to *RCW 30B.08.080(1)(q), a bank shall notify the director prior to commencing trust business, and comply with additional preconditions as may be required by the board of governors of the federal reserve system, the federal deposit insurance corporation, or by rule adopted by the director.
(3) A bank under this title is deemed to be a trust company for purposes of authorization to be a personal representative under RCW 11.36.010.

[ 2014 c 37 § 167; 2011 c 336 § 746; 1973 1st ex.s. c 154 § 48; 1955 c 33 § 30.08.150. Prior: 1929 c 72 § 4, part; 1923 c 115 § 6, part; 1921 c 94 § 1, part; 1917 c 80 § 24, part; RRS § 3231, part. Formerly RCW 30.08.150.]
NOTES:

*Reviser's note: RCW 30B.08.080 was amended by 2019 c 389 § 10, changing subsection (1)(a) through (q) to subsection (1)(a) through (d).


Severability—1973 1st ex.s. c 154: See note following RCW 2.12.030.

Structure Revised Code of Washington

Revised Code of Washington

Title 30A - Washington Commercial Bank Act

Chapter 30A.08 - Organization and Powers.

30A.08.010 - Incorporators—Paid-in capital stock, surplus, and undivided profits—Requirements.

30A.08.020 - Notice of intention to organize—Proposed articles of incorporation—Contents.

30A.08.025 - Limited liability company—Organization or conversion—Approval of director—Conditions—Application of chapter 25.15 RCW—Definitions.

30A.08.030 - Investigation.

30A.08.040 - Notice to file articles—Articles approved or refused—Hearing.

30A.08.050 - Approved articles to be filed and recorded—Organization complete.

30A.08.055 - Amending articles—Filing with director—Contents.

30A.08.060 - Certificate of authority—Issuance—Contents.

30A.08.070 - Failure to commence business—Effect—Extension of time.

30A.08.080 - Extension of existence—Application—Investigation—Certificate—Appeal—Winding up for failure to continue existence.

30A.08.081 - Shares—Certificates not required.

30A.08.082 - Authority to issue preferred or special classes of stock.

30A.08.083 - Authority to divide classes into series—Rights and preferences—Filing of statement.

30A.08.084 - Rights of holders of preferred or special classes of stock—Preference in dividends and liquidation.

30A.08.086 - Determination of capital impairment when capital consists of preferred stock.

30A.08.087 - Authorized but unissued shares of capital stock—Issuance—Consideration.

30A.08.088 - Authorized but unissued shares of capital stock—When shares become part of capital stock.

30A.08.090 - Amendment of articles—Procedure.

30A.08.092 - Increase or decrease of capital stock authorized.

30A.08.140 - Corporate powers of banks.

30A.08.150 - Banks engaged in trust business.

30A.08.180 - Reports of resources and liabilities.

30A.08.190 - Time of filing—Availability—Penalty.