Revised Code of Washington
Chapter 63.29 - Uniform Unclaimed Property Act.
63.29.230 - Deposit of funds.

RCW 63.29.230
Deposit of funds. (Effective until January 1, 2023.)

(1) Except as otherwise provided by this section, the department shall promptly deposit in the general fund of this state all funds received under this chapter, including the proceeds from the sale of abandoned property under RCW 63.29.220. The department shall retain in a separate trust fund an amount not less than two hundred fifty thousand dollars from which prompt payment of claims duly allowed must be made by the department. Before making the deposit, the department shall record the name and last known address of each person appearing from the holders' reports to be entitled to the property and the name and last known address of each insured person or annuitant and beneficiary and with respect to each policy or contract listed in the report of an insurance company its number, and the name of the company. The record must be available for public inspection at all reasonable business hours.
(2) The department of revenue may pay from the trust fund provided in subsection (1) of this section any costs of administering this chapter.

[ 1983 c 179 § 23.]

Structure Revised Code of Washington

Revised Code of Washington

Title 63 - Personal Property

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.

63.29.050 - Checks, drafts, and similar instruments issued or certified by banking and financial organizations.

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.

63.29.150 - Wages.

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.

63.29.200 - Custody by state—Holder relieved from liability—Reimbursement of holder paying claim—Reclaiming for owner—Defense of holder—Payment of safe deposit box or repository charges.

63.29.210 - Crediting of dividends, interest, or increments to owner's account.

63.29.220 - Public sale of abandoned property.

63.29.230 - Deposit of funds.

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.

63.29.280 - Destruction or disposition of property having insubstantial commercial value—Immunity from liability.

63.29.290 - Periods of limitation.

63.29.300 - Requests for reports and examination of records.

63.29.310 - Retention of records.

63.29.320 - Enforcement.

63.29.330 - Interstate agreements and cooperation—Joint and reciprocal actions with other states.

63.29.340 - Interest and penalties.

63.29.350 - Penalty for excessive fee for locating abandoned property—Consumer protection act application.

63.29.360 - Foreign transactions.

63.29.370 - Rules.

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.

63.29.903 - Short title.

63.29.905 - Effective date—1983 c 179.

63.29.906 - Effective date—1996 c 45.