RCW 30B.10.005
Director supervision over authorized trust institutions.
(1) The director shall exercise supervision authority over state trust companies and also over out-of-state trust institutions as set forth in this chapter or to the extent provided for in cooperative agreements made by the director with the home states of out-of-state trust institutions pursuant to RCW 30B.38.060.
(2) The director shall execute and enforce through the department and such other agents as exist on or after January 5, 2015, all laws which exist on or after January 5, 2015, relating to state trust companies and out-of-state trust institutions engaged in trust business in Washington state.
(3) For the more complete and thorough enforcement of the provisions of this title, the department is authorized to adopt rules not inconsistent with the provisions of this title, as may, in its opinion, be necessary to carry out the provisions of this title and as may be further necessary to insure safe and sound management of trust institutions under its supervision taking into consideration the appropriate interest of the creditors, stockholders, participants, and the public in their relations with such trust institutions.
(4) A state trust company shall conduct its business in a manner consistent with all laws relating to trust companies, and all rules, regulations, and instructions that may be adopted or issued by the department.
[ 2019 c 389 § 14; 2014 c 37 § 333.]
Structure Revised Code of Washington
Title 30B - Washington Trust Institutions Act
Chapter 30B.10 - Director's Authority—Supervision and Examination—Enforcement.
30B.10.005 - Director supervision over authorized trust institutions.
30B.10.010 - Fee for examination.
30B.10.020 - Director to act under authority of the department's division of banks.
30B.10.030 - Generally accepted accounting principles.
30B.10.040 - Examination standards for state trust companies—Rule making—Special conditions.
30B.10.045 - Examinations—Requirements—Reciprocal agreements permitted—Records, books, and accounts.
30B.10.050 - Duties of persons subject to authority of director—Violations.
30B.10.060 - Governing administrative law and procedure.
30B.10.070 - Administrative orders—Penalties for violation.
30B.10.080 - Suspension and removal of directors, officers, and employees.
30B.10.090 - Subpoena power and examination under oath.
30B.10.100 - Effect of final orders against officers, directors, employees, and agents.
30B.10.110 - Director's authority to protect the public and state trust institutions.
30B.10.120 - Director's subpoenas.
30B.10.130 - Scope of chapter—Remedies.
30B.10.140 - Hearing—Who may conduct—Authority.
30B.10.150 - Notice of charges.
30B.10.160 - Hearing—Schedule—Default.
30B.10.170 - Hearing—Order—Review or appeal.
30B.10.180 - Emergency order—Judicial review.
30B.10.190 - Order of prohibition against third-party service providers—Grounds—Notice.
30B.10.210 - Authority of director to seek removal by the board of a state trust company.
30B.10.220 - Jurisdiction of courts as to the department's enforcement orders—Venue.