RCW 64.34.376
Association as trustee.
With respect to a third person dealing with the association in the association's capacity as a trustee, the existence of trust powers and their proper exercise by the association may be assumed without inquiry. A third person is not bound to inquire whether the association has power to act as trustee or is properly exercising trust powers. A third person, without actual knowledge that the association is exceeding or improperly exercising its powers, is fully protected in dealing with the association as if it possessed and properly exercised the powers it purports to exercise. A third person is not bound to assure the proper application of trust assets paid or delivered to the association in its capacity as trustee.
[1989 c 43 § 3-120.]
Structure Revised Code of Washington
Title 64 - Real Property and Conveyances
Chapter 64.34 - Condominium Act.
64.34.005 - Findings—Intent—2004 c 201.
64.34.030 - Variation by agreement.
64.34.040 - Separate interests—Taxation.
64.34.050 - Local ordinances, regulations, and building codes—Applicability.
64.34.070 - Law applicable—General principles.
64.34.073 - Application of chapter 64.55 RCW.
64.34.076 - Application to common interest communities.
64.34.080 - Contracts—Unconscionability.
64.34.090 - Obligation of good faith.
64.34.100 - Remedies liberally administered.
64.34.200 - Creation of condominium.
64.34.202 - Reservation of condominium name.
64.34.208 - Declaration and bylaws—Construction and validity.
64.34.212 - Description of units.
64.34.216 - Contents of declaration.
64.34.220 - Leasehold condominiums.
64.34.224 - Common element interests, votes, and expenses—Allocation.
64.34.228 - Limited common elements.
64.34.232 - Survey maps and plans.
64.34.236 - Development rights.
64.34.240 - Alterations of units.
64.34.244 - Relocation of boundaries—Adjoining units.
64.34.248 - Subdivision of units.
64.34.252 - Monuments as boundaries.
64.34.260 - Easement rights—Common elements.
64.34.264 - Amendment of declaration.
64.34.268 - Termination of condominium.
64.34.272 - Rights of secured lenders.
64.34.276 - Master associations.
64.34.278 - Delegation of power to subassociations.
64.34.280 - Merger or consolidation.
64.34.300 - Unit owners' association—Organization.
64.34.304 - Unit owners' association—Powers.
64.34.308 - Board of directors and officers.
64.34.312 - Control of association—Transfer.
64.34.316 - Special declarant rights—Transfer.
64.34.320 - Contracts and leases—Declarant—Termination.
64.34.328 - Upkeep of condominium.
64.34.340 - Voting—In person, absentee ballots, proxies.
64.34.344 - Tort and contract liability.
64.34.348 - Common elements—Conveyance—Encumbrance.
64.34.354 - Insurance—Conveyance.
64.34.360 - Common expenses—Assessments.
64.34.364 - Lien for assessments—Notice of delinquency.
64.34.368 - Liens—General provisions.
64.34.372 - Association records—Funds.
64.34.376 - Association as trustee.
64.34.380 - Reserve account—Reserve study—Annual update.
64.34.382 - Reserve study—Contents.
64.34.384 - Reserve account—Withdrawals.
64.34.386 - Reserve study—Demand by owners—Study not timely prepared.
64.34.388 - Reserve study—Decision making.
64.34.390 - Reserve study—Reserve account—Immunity from liability.
64.34.392 - Reserve account and study—Exemption—Disclosure.
64.34.395 - Electric vehicle charging stations.
64.34.400 - Applicability—Waiver.
64.34.405 - Public offering statement—Requirements—Liability.
64.34.410 - Public offering statement—General provisions.
64.34.415 - Public offering statement—Conversion condominiums.
64.34.417 - Public offering statement—Use of single disclosure document.
64.34.418 - Public offering statement—Contract of sale—Restriction on interest conveyed.
64.34.420 - Purchaser's right to cancel.
64.34.430 - Escrow of deposits.
64.34.435 - Release of liens—Conveyance.
64.34.440 - Conversion condominiums—Notice—Tenants—Relocation assistance.
64.34.442 - Conversion condominium projects—Report.
64.34.443 - Express warranties of quality.
64.34.445 - Implied warranties of quality—Breach.
64.34.452 - Warranties of quality—Breach—Actions for construction defect claims.
64.34.455 - Effect of violations on rights of action—Attorney's fees.
64.34.460 - Labeling of promotional material.
64.34.465 - Improvements—Declarant's duties.
64.34.470 - Conversion condominium notice.
64.34.930 - Effective date—1989 c 43.
64.34.931 - Effective date—2004 c 201 §§ 1-13.