RCW 63.29.050
Checks, drafts, and similar instruments issued or certified by banking and financial organizations. (Effective until January 1, 2023.)
(1) Any sum payable on a check, draft, or similar instrument, except those subject to RCW 63.29.040, on which a banking or financial organization is directly liable, including a cashier's check and a certified check, which has been outstanding for more than three years after it was payable or after its issuance if payable on demand, is presumed abandoned, unless the owner, within three years, has communicated in writing with the banking or financial organization concerning it or otherwise indicated an interest as evidenced by a memorandum or other record on file prepared by an employee thereof.
(2) A holder may not deduct from the amount of any instrument subject to this section any charge imposed by reason of the failure to present the instrument for payment unless there is a valid and enforceable written contract between the holder and the owner of the instrument pursuant to which the holder may impose a charge, and the holder regularly imposes such charges and does not regularly reverse or otherwise cancel them.
[ 2003 1st sp.s. c 13 § 2; 1983 c 179 § 5.]
NOTES:
Effective dates—2003 1st sp.s. c 13: See note following RCW 63.29.020.
Structure Revised Code of Washington
Chapter 63.29 - Uniform Unclaimed Property Act.
63.29.010 - Definitions and use of terms.
63.29.020 - Property presumed abandoned—General rule—Exceptions.
63.29.030 - General rules for taking custody of intangible unclaimed property.
63.29.040 - Travelers checks and money orders.
63.29.060 - Bank deposits and funds in financial organizations.
63.29.070 - Funds owing under life insurance policies.
63.29.080 - Deposits held by utilities.
63.29.090 - Refunds held by business associations.
63.29.100 - Stock and other intangible interests in business associations.
63.29.110 - Property of business associations held in course of dissolution.
63.29.120 - Property held by agents and fiduciaries.
63.29.130 - Property held by courts and public agencies—When abandoned—Overpayments.
63.29.133 - Property held by landlord.
63.29.135 - Abandoned intangible property held by local government.
63.29.140 - Gift certificates and credit memos.
63.29.160 - Contents of safe deposit box or other safekeeping repository.
63.29.165 - Property in self-storage facility.
63.29.170 - Report of abandoned property.
63.29.180 - Notice and publication of information about unclaimed property.
63.29.190 - Payment or delivery of abandoned property.
63.29.192 - Penalty and interest paid in excess—Refunds—Returns.
63.29.193 - Petition for review—Denied application for refund or return.
63.29.194 - Appeal of payment or delivered property.
63.29.195 - Agreement—Established between a holder and the department.
63.29.210 - Crediting of dividends, interest, or increments to owner's account.
63.29.220 - Public sale of abandoned property.
63.29.240 - Filing of claim with department.
63.29.250 - Claim of another state to recover property—Procedure.
63.29.260 - Action to establish claim.
63.29.270 - Election to take payment or delivery.
63.29.290 - Periods of limitation.
63.29.300 - Requests for reports and examination of records.
63.29.310 - Retention of records.
63.29.330 - Interstate agreements and cooperation—Joint and reciprocal actions with other states.
63.29.340 - Interest and penalties.
63.29.360 - Foreign transactions.
63.29.380 - Information and records confidential.
63.29.900 - Effect of new provisions—Clarification of application.
63.29.902 - Uniformity of application and construction.