US Lawyer Database

30B.64.005 – Definitions.

RCW 30B.64.005 Definitions. Unless the context clearly requires otherwise, the definitions in this section apply to the provisions of this chapter. (1) “Change of control” means to transfer or sell control of a private trust or private trust company to a person or persons other than family members. (2) “Common ancestor” has the same meaning […]

30B.64.020 – Conversion to public trust company.

RCW 30B.64.020 Conversion to public trust company. A private trust or private trust company which seeks to convert to one transacting business with the general public in this state must apply for and obtain a certificate of authority as a state trust company under chapter 30B.08 RCW or a federal charter or charter from another […]

30B.46.120 – Rules.

RCW 30B.46.120 Rules. The director is empowered to adopt and promulgate such rules as may be further necessary, if at all, for the implementation of this chapter and its purposes. [ 2019 c 389 § 91.]

30B.53.002 – Applicability of chapter.

RCW 30B.53.002 Applicability of chapter. This chapter applies to any merger or change of control in which a state trust company is a party. [ 2019 c 389 § 92; 2014 c 37 § 387.]

30B.53.005 – Definitions.

RCW 30B.53.005 Definitions. Unless the context clearly requires otherwise, the definitions in this section apply throughout this chapter. (1) “Acquiring person” means a person acquiring or seeking to acquire control of a state trust company, directly or indirectly. (2) “Control,” “controls,” “controlled,” and “controlling” mean: (a) The ownership of or ability or power to vote, […]

30B.53.010 – Approval by director—Required.

RCW 30B.53.010 Approval by director—Required. Upon approval by the director consistent with this chapter, merging trust companies, one of which is a state trust company, may be merged to result in a resulting trust company. [ 2019 c 389 § 96; 2014 c 37 § 389.]

30B.53.030 – Approval by shareholders—Voting—Notice.

RCW 30B.53.030 Approval by shareholders—Voting—Notice. (1) To be effective, a merger that is to result in a trust company must be approved by the shareholders of each merging trust company by a vote of two-thirds of the outstanding voting shares of each class at a meeting called to consider such action. This vote shall constitute […]