Revised Code of Washington
Chapter 30B.10 - Director's Authority—Supervision and Examination—Enforcement.
30B.10.240 - Statute of limitations.

RCW 30B.10.240
Statute of limitations.

(1) An action seeking any remedy under RCW 30B.10.070, 30B.10.080, or 30B.10.190 shall commence no later than five years after the cause of action accrued.
(2) A cause of action under this section is deemed to have accrued at the later of the following events:
(a) The occurrence of the act or omission;
(b) When the department discovers or should have discovered that the act or omission has occurred;
(c) When the department discovers or should have discovered that the act or omission has negatively impacted the capital status or other element of safety or soundness of a state trust company or out-of-state trust company doing business in Washington state; or
(d) Where an act or omission is part of a pattern or practice, upon the occurrence of the most recent act or omission comprising the pattern or practice. A cause of action under this subsection may include all acts or omissions comprising the pattern or practice if the cause of action is timely as to the most recent act or omission.

[ 2019 c 389 § 33.]

Structure Revised Code of Washington

Revised Code of Washington

Title 30B - Washington Trust Institutions Act

Chapter 30B.10 - Director's Authority—Supervision and Examination—Enforcement.

30B.10.003 - Definitions.

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.10.200 - Notice of intention to remove or prohibit participation in conduct of affairs—Hearing—Order.

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.

30B.10.230 - General penalty—Effect of conviction.

30B.10.240 - Statute of limitations.