Washington § 30A.22.020 - Purposes.

Full text of Washington Revised Code of Washington § 30A.22.020 — Purposes., with citation guidance and answers to common questions.

§ 30A.22.020. Purposes.

The purposes of this chapter are:
(1) To provide a consistent law applicable to all financial institutions authorized to accept deposits from individuals with respect to payments by the institutions to individuals claiming rights to the deposited funds; and
(2) To qualify and simplify the law concerning the respective ownership interests of individuals to funds held on deposit by financial institutions, both as to the relationship between the individual depositors and beneficiaries of an account, and to the financial institution-depositor-beneficiary relationships; and
(3) To simplify and make consistent the law pertaining to payments by financial institutions of deposited funds both before and after the death of a depositor or depositors, including provisions for the validity and effect of certain nontestamentary transfers of deposits upon the death of one or more depositors.
[ 1981 c 192 s 2. Formerly RCW 30.22.020.]

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Frequently Asked Questions About Washington § 30A.22.020

What does Revised Code of Washington § 30A.22.020 cover?

Section 30A.22.020 ("Purposes.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 30A.22.020?

A common citation format is "Revised Code of Washington § 30A.22.020" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

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