RCW 63.30.420
Public sale of property. (Effective January 1, 2023.)
(1) Except as otherwise provided in RCW 63.30.430, the administrator may sell the property (a) not earlier than two years after receipt of property stored in a safe deposit box and presumed abandoned; and (b) not earlier than three years after receipt of all other property presumed abandoned.
(2) Before selling property under subsection (1) of this section, the administrator shall give notice to the public of:
(a) The date of the sale; and
(b) A reasonable description of the property.
(3) A sale under subsection (1) of this section must be to the highest bidder:
(a) At public sale at a location in this state which the administrator determines to be the most favorable market for the property;
(b) On the internet; or
(c) On another forum the administrator determines is likely to yield the highest net proceeds of sale.
(4) The administrator may decline the highest bid at a sale under this section and reoffer the property for sale if the administrator determines the highest bid is insufficient.
(5) The administrator must publish at least one notice of the sale, at least three weeks but not more than five weeks before the sale, in a newspaper of general circulation in the county in which the property is sold.
[ 2022 c 225 § 701.]
Structure Revised Code of Washington
Chapter 63.30 - Revised Uniform Unclaimed Property Act.
63.30.020 - Inapplicability to foreign transaction.
63.30.040 - Property presumed abandoned.
63.30.050 - Tax deferred retirement account presumed abandoned.
63.30.060 - Other tax deferred account presumed abandoned.
63.30.070 - Custodial account for minor presumed abandoned.
63.30.080 - Contents of safe deposit box presumed abandoned.
63.30.090 - Stored value card presumed abandoned.
63.30.100 - Security presumed abandoned.
63.30.110 - Related property presumed abandoned.
63.30.120 - Indication of apparent owner interest in property.
63.30.130 - Knowledge of death of insured or annuitant.
63.30.140 - Deposit account for proceeds of insurance policy or annuity contract.
63.30.150 - Address of apparent owner to establish priority.
63.30.160 - Address of apparent owner in Washington state.
63.30.170 - Records showing multiple addresses of apparent owner.
63.30.180 - Holder domiciled in Washington state.
63.30.190 - Custody if transaction takes place in Washington state.
63.30.200 - Traveler's check, money order, or similar instrument.
63.30.210 - Burden of proof to establish administrator's right to custody.
63.30.220 - Report required by holder.
63.30.230 - Content of report.
63.30.240 - When report to be filed.
63.30.250 - Retention of records by holder.
63.30.260 - Property reportable and payable or deliverable absent owner demand.
63.30.270 - Abandoned intangible property held by local government.
63.30.280 - Notice to apparent owner by holder.
63.30.290 - Contents of notice by holder.
63.30.300 - Notice by administrator.
63.30.310 - Cooperation among state officers and agencies to locate apparent owner.
63.30.340 - Payment or delivery of property to administrator.
63.30.350 - Effect of payment or delivery of property to administrator.
63.30.360 - Recovery of property by holder from administrator.
63.30.370 - Property removed from safe deposit box.
63.30.380 - Crediting income or gain to owner's account.
63.30.390 - Administrator's options as to custody.
63.30.400 - Disposition of property having no substantial value—Immunity from liability.
63.30.410 - Periods of limitation and repose.
63.30.420 - Public sale of property.
63.30.430 - Disposal of securities.
63.30.440 - Recovery of securities or value by owner.
63.30.450 - Purchaser owns property after sale.
63.30.460 - Military medal or decoration.
63.30.470 - Deposit of funds by administrator.
63.30.480 - Administrator to retain records of property.
63.30.490 - Expenses and service charges of administrator.
63.30.500 - Administrator holds property as custodian for owner.
63.30.510 - Claim of another state to recover property.
63.30.520 - Property subject to recovery by another state.
63.30.530 - Claim for property by person claiming to be owner.
63.30.540 - Administrator must honor claim for property, when.
63.30.550 - Allowance of claim for property.
63.30.560 - Action by person whose claim is denied.
63.30.570 - Verified report of property.
63.30.580 - Examination of records to determine compliance.
63.30.590 - Rules for conducting examination.
63.30.600 - Records obtained in examination.
63.30.610 - Evidence of unpaid debt or undischarged obligation.
63.30.620 - Failure of person examined to retain records.
63.30.630 - Report to person whose records were examined.
63.30.640 - Complaint to administrator about conduct of person conducting examination.
63.30.650 - Administrator's contract with another to conduct examination.
63.30.660 - Limit on future employment.
63.30.670 - Report by administrator to state official.
63.30.680 - Determination of liability for unreported reportable property.
63.30.690 - Interest and penalties.
63.30.710 - Informal conference.
63.30.720 - Review of administrator's determination.
63.30.730 - Administrative review.
63.30.750 - Judicial action to enforce liability.
63.30.760 - Interstate and international agreement—Cooperation.
63.30.770 - Action involving another state or foreign country.
63.30.780 - Agreement to locate property enforceable.
63.30.790 - Agreement to locate property void, when.
63.30.800 - Right of agent of apparent owner to recover property held by administrator.
63.30.810 - Definitions—Applicability.
63.30.820 - Confidential information.
63.30.830 - When confidential information may be disclosed.
63.30.840 - Confidentiality agreement.
63.30.850 - No confidentiality information in notice.
63.30.860 - Security of information.
63.30.880 - Indemnification for breach.
63.30.905 - Uniformity of application and construction—2022 c 225.
63.30.910 - Relation to electronic signatures in global and national commerce act.
63.30.915 - Transitional provision.