Revised Code of Washington
Chapter 30B.44B - State Trust Companies—Involuntary Dissolution and Liquidation.
30B.44B.160 - Disposition of unclaimed personal property—Monetary funds.

RCW 30B.44B.160
Disposition of unclaimed personal property—Monetary funds.

(1) Any monetary funds, including funds obtained from sale of personal property at auction pursuant to this section, remaining unclaimed and unpaid in the possession of the director for six months after the superior court's order of final distribution, shall be deposited by the director in a bank to his or her credit, in trust for the benefit of the persons entitled to such funds and subject to the supervision of the superior court.
(2) Such monetary funds shall be paid by the director to the entitled persons upon receipt of satisfactory evidence of their right to such funds.
(3) All moneys so deposited remaining unclaimed for one year after deposit shall escheat to the state for the benefit of the state financial literacy and education programs as authorized by RCW 43.320.150 and administered by the department, or, in the absence of such programs, as otherwise directed by the state treasurer.
(4) It shall not be necessary to have the escheat adjudged in a suit or action.

[ 2019 c 389 § 77.]

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