Revised Code of Washington
Chapter 30A.22 - Financial Institution Individual Account Deposit Act.
30A.22.020 - Purposes.

RCW 30A.22.020
Purposes.

The purposes of this chapter are:
(1) To provide a consistent law applicable to all financial institutions authorized to accept deposits from individuals with respect to payments by the institutions to individuals claiming rights to the deposited funds; and
(2) To qualify and simplify the law concerning the respective ownership interests of individuals to funds held on deposit by financial institutions, both as to the relationship between the individual depositors and beneficiaries of an account, and to the financial institution-depositor-beneficiary relationships; and
(3) To simplify and make consistent the law pertaining to payments by financial institutions of deposited funds both before and after the death of a depositor or depositors, including provisions for the validity and effect of certain nontestamentary transfers of deposits upon the death of one or more depositors.

[ 1981 c 192 § 2. Formerly RCW 30.22.020.]

Structure Revised Code of Washington

Revised Code of Washington

Title 30A - Washington Commercial Bank Act

Chapter 30A.22 - Financial Institution Individual Account Deposit Act.

30A.22.010 - Short title.

30A.22.020 - Purposes.

30A.22.030 - Construction.

30A.22.040 - Definitions.

30A.22.041 - Definitions.

30A.22.050 - Types of accounts which financial institution may establish.

30A.22.060 - Requirements of contract of deposit.

30A.22.070 - Accounts of minors and incompetents.

30A.22.080 - Accounts of married persons.

30A.22.090 - Ownership of funds during lifetime of depositor.

30A.22.100 - Ownership of funds after death of a depositor.

30A.22.110 - Controversies between owners.

30A.22.120 - Right to rely on form of account—Discharge of financial institutions.

30A.22.130 - Rights as between individuals preserved.

30A.22.140 - Payment of funds to a depositor.

30A.22.150 - Payment to minors and incompetents.

30A.22.160 - Payment to trust and P.O.D. account beneficiaries.

30A.22.170 - Payment to agents of depositors.

30A.22.180 - Payment to personal representatives.

30A.22.190 - Payment to heirs and creditors of a deceased depositor.

30A.22.200 - Payment to foreign personal representative—Release of financial institution.

30A.22.210 - Authority to withhold payment—Vulnerable adults.

30A.22.220 - Adverse claim bond.

30A.22.230 - Authority to charge a customer for furnishing items or copies of items.

30A.22.240 - Records—Disclosure—Requests by law enforcement—Fees.

30A.22.245 - Records—Admission as evidence—Certificate.

30A.22.250 - No duty to request information.

30A.22.260 - Promotional contests of chance—Director's authority.

30A.22.900 - Effective date—1981 c 192.

30A.22.902 - Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.