Washington § 30A.26.120 - Term and termination.

Full text of Washington Revised Code of Washington § 30A.26.120 — Term and termination., with citation guidance and answers to common questions.

§ 30A.26.120. Term and termination.

(1) Unless otherwise provided in the account agreement, a special deposit terminates five years after the date the special deposit was first funded.
(2) Unless otherwise provided in the account agreement, if the bank cannot identify or locate a beneficiary entitled to payment when the special deposit is terminated, and a balance remains in the special deposit, the bank shall pay the balance to the depositor or depositors as a beneficiary or beneficiaries.
(3) A bank that pays the remaining balance as provided under subsection (2) of this section has no further obligation with respect to the special deposit.
[ 2024 c 23 s 13.]

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

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Frequently Asked Questions About Washington § 30A.26.120

What does Revised Code of Washington § 30A.26.120 cover?

Section 30A.26.120 ("Term and termination.") 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.26.120?

A common citation format is "Revised Code of Washington § 30A.26.120" (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.26.120 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

Not legal advice. Verify against the official source and consult a licensed attorney in Washington.