RCW 30B.44B.180
Reopening—Conditions.
(1) Notwithstanding any other provision of this chapter, the director may, at any time within ninety days after taking possession of a state trust company under RCW 30B.44B.005 or 30B.44B.010, permit such state trust company to reopen upon such terms and conditions as the director shall prescribe, if he or she has determined that:
(a) Sufficient remedy has been made of the state trust company's impairment and delinquencies; and
(b) It is in the best interest of trustors, beneficiaries, creditors, shareholders, and the general public that the state trust company be reopened rather than be liquidated.
(2) Before being permitted to reopen pursuant to this section, a state trust company shall pay all of the outstanding fees, assessment, and expenses of the director as provided for in this title.
[ 2019 c 389 § 79.]
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.