Washington § 64.36.130 - Impoundment of proceeds from sales authorized — Establishment of trusts, escrows, etc.

Full text of Washington Revised Code of Washington § 64.36.130 — Impoundment of proceeds from sales authorized — Establishment of trusts, escrows, etc., with citation guidance and answers to common questions.

§ 64.36.130. Impoundment of proceeds from sales authorized — Establishment of trusts, escrows, etc.

(1) The director may by rule require as a condition of registration under this chapter that the proceeds from the sale of the timeshares be impounded until the promoter receives an amount established by the director. The director may by rule determine the conditions of any impoundment required under this section, including the release of moneys for promotional purposes.
(2) The director, in lieu of or in addition to requiring impoundment under subsection (1) of this section, may require that the registrant establish trusts, escrows, or any other similar arrangement that assures the timeshare purchaser quiet enjoyment of the timeshare unit.
(3) Impounding will not be required for those timeshare offerors who are able to convey fee simple title, along with title insurance: PROVIDED, That no other facilities are promised in the offering.
[ 1983 1st ex.s. c 22 s 13.]

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

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Frequently Asked Questions About Washington § 64.36.130

What does Revised Code of Washington § 64.36.130 cover?

Section 64.36.130 ("Impoundment of proceeds from sales authorized — Establishment of trusts, escrows, etc.") 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 § 64.36.130?

A common citation format is "Revised Code of Washington § 64.36.130" (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 § 64.36.130 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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Not legal advice. Verify against the official source and consult a licensed attorney in Washington.