Revised Code of Washington
Chapter 63.30 - Revised Uniform Unclaimed Property Act.
63.30.450 - Purchaser owns property after sale.

RCW 63.30.450
Purchaser owns property after sale. (Effective January 1, 2023.)

A purchaser of property at a sale conducted by the administrator under this chapter takes the property free of all claims of the owner, a previous holder, or a person claiming through the owner or holder. The administrator shall execute documents necessary to complete the transfer of ownership to the purchaser.

[ 2022 c 225 § 704.]

Structure Revised Code of Washington

Revised Code of Washington

Title 63 - Personal Property

Chapter 63.30 - Revised Uniform Unclaimed Property Act.

63.30.010 - Definitions.

63.30.020 - Inapplicability to foreign transaction.

63.30.030 - Rule making.

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.

63.30.320 - Good faith.

63.30.330 - Dormancy charge.

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.

63.30.700 - Waiver.

63.30.710 - Informal conference.

63.30.720 - Review of administrator's determination.

63.30.730 - Administrative review.

63.30.740 - Judicial remedy.

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.

63.30.870 - Security breach.

63.30.880 - Indemnification for breach.

63.30.900 - Short title.

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.

63.30.920 - Conflict with federal requirements—2022 c 225.

63.30.925 - Effective date—2022 c 225.