RCW 30B.38.090
Functionally unregulated out-of-state trust institutions.
Notwithstanding any other provision of this chapter, an out-of-state trust institution engaging in trust business in Washington state, which is not an exempt person under RCW 30B.04.040 and which by reason of the laws of its home state is not, in the opinion of the director, subject to supervision, examination, or other safety and soundness oversight by a home state regulator, shall be subject to all the requirements of a state trust company under this title.
[ 2019 c 389 § 54; 2014 c 37 § 375.]
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.