Washington § 30B.72.010 - Preexisting approved out-of-state trust institutions.

Full text of Washington Revised Code of Washington § 30B.72.010 — Preexisting approved out-of-state trust institutions., with citation guidance and answers to common questions.

§ 30B.72.010. Preexisting approved out-of-state trust institutions.

(1) An out-of-state trust institution that has, prior to July 28, 2019, obtained approval from the director under authority of Title 30 RCW, as it existed before January 5, 2015, or under authority of this title, as it existed prior to July 28, 2019, to engage in trust business in Washington state and has continuously since the date of such approval held itself out to the public as engaging in trust business in Washington state, shall be exempt from the requirement of notice to or obtaining approval from the director pursuant to chapter 30B.38 RCW.
(2) For purposes of this section, the term "director" includes the former office of the supervisor of banks that merged into the department under authority of chapter 43.320 RCW.
(3) For purposes of this section, satisfactory evidence of approval from the director may be established only by written evidence that the director gave his or her approval prior to July 28, 2019, in the form of a certificate of authority, declaration of reciprocity between Washington state and the home state of the out-of-state trust institution, or the equivalent. Authorization from the secretary of state to transact business in Washington state as a foreign corporation or foreign limited liability company is not by itself satisfactory evidence of such approval from the director.
(4) For purposes of this section, an out-of-state trust institution with satisfactory evidence of the director's approval to engage in trust business prior to July 28, 2019, is presumed to have:
(a) Complied with chapter 30B.38 RCW; and
(b) Continuously held itself out to the public as engaging in trust business in Washington state since the date of the director's approval.
[ 2019 c 389 s 101; 2014 c 37 s 402.]

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 30B.72.010

What does Revised Code of Washington § 30B.72.010 cover?

Section 30B.72.010 ("Preexisting approved out-of-state trust institutions.") 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 § 30B.72.010?

A common citation format is "Revised Code of Washington § 30B.72.010" (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.

How does Washington § 30B.72.010 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

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