RCW 30B.44B.120
Expense of liquidation—Priority for director's expenses.
(1) All expenses incurred by the director in taking possession, administering, and resolving any state trust company dissolved pursuant to this chapter, including the expenses of assistants or agents and reasonable fees for any attorney who may be employed in connection with such administration and resolution, and the reasonable compensation of any special assistant or agent placed in charge of such dissolved state trust company, shall be a priority charge upon the assets of the dissolved state trust company and shall be senior to any approved third-party claims.
(2) Such charges for expenses as set forth in subsection (1) of this section shall be fixed by the director, subject to the approval of the superior court.
[ 2019 c 389 § 73.]
Structure Revised Code of Washington
Title 30B - Washington Trust Institutions Act
Chapter 30B.44B - State Trust Companies—Involuntary Dissolution and Liquidation.
30B.44B.005 - When director may take possession.
30B.44B.010 - Mutual consent to dissolution and liquidation.
30B.44B.040 - Director's right to take possession may be contested.
30B.44B.050 - Powers and duties of director—Prohibition against liens.
30B.44B.060 - Notice to creditors—Claims.
30B.44B.070 - Executory contract or unexpired lease—Permitted actions by director.
30B.44B.080 - Inventory—List of claims.
30B.44B.090 - Objections to approved claims.
30B.44B.100 - Temporary receiver—Prohibited except in emergency.
30B.44B.110 - Preferences prohibited—Penalty.
30B.44B.120 - Expense of liquidation—Priority for director's expenses.
30B.44B.130 - Liquidation after claims are paid.
30B.44B.140 - Disposition of unclaimed personal property.
30B.44B.150 - Disposition of unclaimed personal property—Final notice—Sale.
30B.44B.160 - Disposition of unclaimed personal property—Monetary funds.