RCW 30B.38.040
Notice of approval or denial by director.
(1) The director must, within sixty days after receiving a complete written application under RCW 30B.38.030, including any waiver request, notify the home state regulator and the out-of-state trust institution of the director's approval or denial of the written application or waiver request, including any other conditions for approval that the director may require.
(2) The sixty-day period of review may be extended by the director on a determination that the written notice raises issues that require additional information or additional time for analysis. If the period of review is extended, the out-of-state trust institution may engage in trust business in Washington state only on prior written approval by the director.
[ 2019 c 389 § 50; 2014 c 37 § 370.]
Structure Revised Code of Washington
Title 30B - Washington Trust Institutions Act
Chapter 30B.38 - Out-of-State Trust Institutions.
30B.38.005 - Trust business at a trust office.
30B.38.010 - Preexisting approved out-of-state trust institutions.
30B.38.030 - Requirement of notice.
30B.38.040 - Notice of approval or denial by director.
30B.38.050 - Additional trust offices.
30B.38.080 - Notice of subsequent merger, closing, etc.
30B.38.090 - Functionally unregulated out-of-state trust institutions.
30B.38.100 - State trust company operating in another state—Approval of director.