Revised Code of Washington - RCW Title 30 Banks And Trust Companies - Chapter 30.22 Financial Institution Individual Account Deposit Act

30.22.010 Short title
This chapter shall be known and may be cited as the financial institution individual account deposit act.[1981 c 192 § 1.] ...

30.22.020 Purposes
The purposes of this chapter are: (1) To provide a consistent law applicable to all financial institutions authorized to accept deposits from individuals with respect ...

30.22.030 Construction
When construing sections and provisions of this chapter, the sections and provisions shall: (1) Be liberally construed and applied to promote the purposes of the ...

30.22.040 Definitions
Unless the context of this chapter otherwise requires, the terms contained in this section have the meanings indicated. (1) "Account" means a contract of deposit ...

30.22.041 Definitions
The definitions in this section apply throughout this section and RCW 30.22.240 and 30.22.245. (1) "Customer" means any person, partnership, limited partnership, corporation, trust, or ...

30.22.050 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 ...

30.22.060 Requirements of contract of deposit
The contract of deposit shall be in writing and signed by all individuals who have a current right to payment of funds from an account. ...

30.22.070 Accounts of minors and incompetents
A minor or incompetent may enter into a valid and enforceable contract of deposit with the financial institution and any account in the name of ...

30.22.080 Accounts of married persons
A financial institution may enter into a contract of deposit without regard to whether the depositor is married and without regard as to whether the ...

30.22.090 Ownership of funds during lifetime of depositor
Subject to community property rights, during the lifetime of a depositor, or the joint lifetimes of depositors: (1) Funds on deposit in a single account ...

30.22.100 Ownership of funds after death of a depositor
Subject to community property rights and subject to the terms and provisions of any community property agreement, upon the death of a depositor: (1) Funds ...

30.22.110 Controversies between owners
RCW 30.22.090 and 30.22.100 are intended to establish ownership of funds on deposit in the accounts stated, as between depositors and/or trust or P.O.D. account ...

30.22.120 Right to rely on form of account -- Discharge of financial institutions
In making payments of funds deposited in an account, a financial institution may rely conclusively and entirely upon the form of the account and the ...

30.22.130 Rights as between individuals preserved
The protection accorded to financial institutions under RCW 30.22.120, 30.22.140, 30.22.150, 30.22.160, 30.22.170, 30.22.180, 30.22.190, 30.22.200, 30.22.210, and 30.22.220 shall have no bearing on the ...

30.22.140 Payment of funds to a depositor
Payments of funds on deposit in a single account may be made by a financial institution to or for the depositor regardless of whether the ...

30.22.150 Payment to minors and incompetents
Financial institutions may make payments of funds on deposit in an account established by a depositor who is a minor or incompetent without regard to ...

30.22.160 Payment to trust and P.O.D. account beneficiaries
Financial institutions may pay any funds remaining on deposit in an account to a trust or P.O.D. account beneficiary or beneficiaries when the financial institution ...

30.22.170 Payment to agents of depositors
Any funds on deposit in an account may be paid by a financial institution to or upon the order of any agent of any depositor. ...

30.22.180 Payment to personal representatives
Financial institutions may pay any funds remaining on deposit in an account which belongs to a deceased depositor to the personal representative of the depositor's ...

30.22.190 Payment to heirs and creditors of a deceased depositor
In each case, where it is provided in RCW 30.22.180 that a financial institution may make payment of funds deposited in an account to the ...

30.22.200 Payment to foreign personal representative -- Release of financial institution
In each case where it is provided in this chapter that payment may be made to the personal representative of the estate of a deceased ...

30.22.210 Authority to withhold payment
Nothing contained in this chapter shall be deemed to require any financial institution to make any payment from an account to a depositor, or any ...

30.22.220 Adverse claim bond
Notwithstanding RCW 30.22.210, a financial institution may, without liability, pay or permit withdrawal of any funds on deposit in an account to a depositor and/or ...

30.22.230 Authority to charge a customer for furnishing items or copies of items
A financial institution may charge a customer for furnishing items or copies of items as defined in RCW 62A.4-104, in excess of the number of ...

30.22.240 Records -- Disclosure -- Requests by law enforcement -- Fees
(1) If a financial institution discloses information in good faith concerning its customer or customers in accordance with this section, it shall not be liable ...

30.22.245 Records -- Admission as evidence -- Certificate
Records obtained pursuant to this chapter shall be admitted as evidence in all courts of this state, under Washington rule of evidence 902, when accompanied ...

30.22.250 No duty to request information
RCW 9.38.015 does not create a duty for financial institutions to request the information set forth in RCW 9.38.015(1).[1995 c 186 § 5.] ...

30.22.900 Effective date -- 1981 c 192
This act shall take effect on July 1, 1982.[1981 c 192 § 34.] ...

30.22.901 Severability -- 1995 c 186
If any provision of this act or its application to any person or circumstance is held invalid, the remainder of the act or the application ...