Revised Code of Washington - RCW Title 32 Mutual Savings Banks - Section 32.08.215 Power to act as trustee for common trust funds under multiple trust agreements -- Conditions

§ 32.08.215. Power to act as trustee for common trust funds under multiple trust agreements -- Conditions

No mutual savings bank or wholly owned subsidiary thereof shall act as trustee for common trust funds established for the benefit of more than one beneficiary under more than one trust agreement, unless the savings bank or subsidiary trust company shall first give written notice to the director, at least sixty days prior to the creation of any such fund.

[1994 c 92 § 321; 1985 c 56 § 4.]

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Last modified: April 7, 2009