Washington § 18.44.455 - Possession of property and business — Grounds for director's authority.

Full text of Washington Revised Code of Washington § 18.44.455 — Possession of property and business — Grounds for director's authority., with citation guidance and answers to common questions.

§ 18.44.455. Possession of property and business — Grounds for director's authority.

(1) The director may immediately take possession of the property and business of a licensee whenever it appears to the director that, as a result of an examination, report, investigation, or complaint:
(a) The licensee is conducting its business in such an unsafe or unsound manner as to render its further operations hazardous to the public;
(b) The licensee has suspended payment of its trust obligations; or
(c) The licensee neglects or refuses to comply with any order of the director made pursuant to this chapter unless the enforcement of such an order is restrained in a proceeding brought by the licensee.
(2) The director may retain possession of the licensee's property and business until the licensee resumes business or its affairs are finally liquidated as provided in RCW 18.44.470. The licensee may only resume business upon those terms as the director may prescribe.
[ 2010 c 34 s 11.]

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

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Frequently Asked Questions About Washington § 18.44.455

What does Revised Code of Washington § 18.44.455 cover?

Section 18.44.455 ("Possession of property and business — Grounds for director's authority.") 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.

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A common citation format is "Revised Code of Washington § 18.44.455" (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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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.

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