RCW 63.30.430
Disposal of securities. (Effective January 1, 2023.)
(1) Except as otherwise provided in this subsection, the administrator must sell all securities delivered to the administrator as required by this chapter as soon as practicable after taking custody, in the judgment of the administrator, after receipt by the administrator. However, this subsection does not apply with respect to any securities that, in the judgment of the administrator, cannot be sold, are worthless, or are not cost-effective to sell.
(2) Securities listed on an established stock exchange must be sold at prices prevailing at the time of sale on the exchange. Other securities may be sold over the counter at prices prevailing at the time of sale or by any other method the administrator considers advisable. All securities may be sold over the counter at prices prevailing at the time of the sale, or by any other method the administrator deems advisable.
[ 2022 c 225 § 702.]
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.