Washington § 79.15.055 - Appraisal — Defined.

Full text of Washington Revised Code of Washington § 79.15.055 — Appraisal — Defined., with citation guidance and answers to common questions.

§ 79.15.055. Appraisal — Defined.

For the purposes of this chapter, "appraisal" means an estimate of the market value of valuable materials. The estimate must reflect the value based on market conditions at the time of the sale or transfer offering. The appraisal must reflect the department's best effort to establish a reasonable market value for the purpose of setting a minimum bid at auction or transfer. A purchaser of valuable materials may not rely upon the appraisal prepared by the department for purposes of deciding whether to make a purchase from the department. All purchasers are required to make their own independent appraisals.
[ 2004 c 199 s 214; 2003 c 334 s 309; 2001 c 250 s 10. Formerly RCW 79.01.082.]

Notes

Part headings not law—2004 c 199: See note following RCW 79.02.010.
Intent—2003 c 334: See note following RCW 79.02.010.

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Frequently Asked Questions About Washington § 79.15.055

What does Revised Code of Washington § 79.15.055 cover?

Section 79.15.055 ("Appraisal — Defined.") 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 § 79.15.055?

A common citation format is "Revised Code of Washington § 79.15.055" (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.

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