Washington § 30B.24.030 - Compliance with fiduciary activities standards equivalent to that of national banks — Statement of principles of trust management — Management of third-party risk.

Full text of Washington Revised Code of Washington § 30B.24.030 — Compliance with fiduciary activities standards equivalent to that of national banks — Statement of principles of trust management — Management of third-party risk., with citation guidance and answers to common questions.

§ 30B.24.030. Compliance with fiduciary activities standards equivalent to that of national banks — Statement of principles of trust management — Management of third-party risk.

(1) Unless the director shall otherwise set forth by rule, a state trust company and, to the extent applicable, its affiliates, and their respective directors, officers, managers, employees, and agents, shall comply with such federal regulations applicable to the fiduciary activities of a federally insured state bank.
(2) The requirements of subsection (1) of this section, as applicable to a state trust company, shall be at least partially contained in the state trust company's written statement of principles of trust management, the contents of which shall be subject to examination and approval by the department, and upon which the department may further examine a state trust company as to whether it is in compliance with such statement.
(3) A state trust company and, to the extent applicable, its affiliate, shall comply with standards for prudent management of third-party risk under applicable law or as the director may otherwise adopt by rule or by a written interpretive statement including, without limitation, management of third-party risk pursuant to RCW 30B.24.060.
[ 2019 c 389 s 42.]

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

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Frequently Asked Questions About Washington § 30B.24.030

What does Revised Code of Washington § 30B.24.030 cover?

Section 30B.24.030 ("Compliance with fiduciary activities standards equivalent to that of national banks — Statement of principles of trust management — Management of third-party risk.") 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.24.030?

A common citation format is "Revised Code of Washington § 30B.24.030" (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.24.030 apply to my situation?

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