Washington § 19.40.061 - When transfer is made or obligation is incurred.

Full text of Washington Revised Code of Washington § 19.40.061 — When transfer is made or obligation is incurred., with citation guidance and answers to common questions.

§ 19.40.061. When transfer is made or obligation is incurred.

For the purposes of this chapter:
(1) A transfer is made:
(a) With respect to an asset that is real property other than a fixture, but including the interest of a seller or purchaser under a contract for the sale of the asset, when the transfer is so far perfected that a good-faith purchaser of the asset from the debtor against which applicable law permits the transfer to be perfected cannot acquire an interest in the asset that is superior to the interest of the transferee; and
(b) With respect to an asset that is not real property or that is a fixture, when the transfer is so far perfected that a creditor on a simple contract cannot acquire a judicial lien otherwise than under this chapter that is superior to the interest of the transferee;
(2) If applicable law permits the transfer to be perfected as provided in subsection (1) of this section and the transfer is not so perfected before the commencement of an action for relief under this chapter, the transfer is deemed made immediately before the commencement of the action;
(3) If applicable law does not permit the transfer to be perfected as provided in subsection (1) of this section, the transfer is made when it becomes effective between the debtor and the transferee;
(4) A transfer is not made until the debtor has acquired rights in the asset transferred; and
(5) An obligation is incurred:
(a) If oral, when it becomes effective between the parties; or
(b) If evidenced by a record, when the record signed by the obligor is delivered to or for the benefit of the obligee.
[ 2017 c 57 s 6; 1987 c 444 s 6.]

Notes

Effective date—1987 c 444: See note following RCW 19.40.011.

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

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Frequently Asked Questions About Washington § 19.40.061

What does Revised Code of Washington § 19.40.061 cover?

Section 19.40.061 ("When transfer is made or obligation is incurred.") 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 § 19.40.061?

A common citation format is "Revised Code of Washington § 19.40.061" (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 § 19.40.061 apply to my situation?

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Sources & Verification

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