Washington § 30A.22.050 - Types of accounts which financial institution may establish.

Full text of Washington Revised Code of Washington § 30A.22.050 — Types of accounts which financial institution may establish., with citation guidance and answers to common questions.

§ 30A.22.050. Types of accounts which financial institution may establish.

The types of accounts in which funds may be deposited with a financial institution include, but are not limited to, the following:
(1) A single account;
(2) A joint account without right of survivorship;
(3) A joint account with right of survivorship;
(4) An agency account;
(5) A trust or P.O.D. account; and
(6) Any compatible combination of the foregoing.
In each case, the type of account shall be determined by the terms of the contract of deposit between the depositor and the financial institution. The financial institution shall describe to a potential depositor the various types of accounts available.
[ 1981 c 192 s 5. Formerly RCW 30.22.050.]

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

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Frequently Asked Questions About Washington § 30A.22.050

What does Revised Code of Washington § 30A.22.050 cover?

Section 30A.22.050 ("Types of accounts which financial institution may establish.") 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.22.050?

A common citation format is "Revised Code of Washington § 30A.22.050" (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 § 30A.22.050 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.

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