RCW 11.98.045
291 words·~1 min read·
/wa/title-11/chapter-11-98/11-98-045·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)If a trust is a Washington trust under RCW 11.98.005 , a trustee may transfer the situs of the trust to a jurisdiction other than Washington if the trust instrument so provides or in accordance with RCW 11.98.051 or 11.98.055 .
(2)Transfer under this section is permitted only if:
(a)The transfer would facilitate the economic and convenient administration of the trust;
(b)The transfer would not materially impair the interests of the qualified beneficiaries or others interested in the trust;
(c)The transfer does not violate the terms of the trust;
(d)The new trustee is qualified and able to administer the trust or such assets on the terms set forth in the trust; and
(e)The trust meets at least one condition for situs listed in RCW 11.98.005
(1)with respect to the new jurisdiction.
(3)Acceptance of such transfer by a foreign corporate trustee or trust company under this section or RCW 11.98.051 or 11.98.055 may not be construed to be doing a "trust business" as described in *RCW 30.08.150 (9).
[ 2013 c 272 s 14 ; 2011 c 327 s 23 ; 1985 c 30 s 45 . Prior: 1984 c 149 s 74 .]
Notes:
*Reviser's note: RCW 30.08.150 was recodified as RCW 30A.08.150 pursuant to 2014 c 37 s 4 and amended by 2014 c 37 s 167, deleting subsection (9), effective January 5, 2015.
Application — 2013 c 272: See note following RCW 11.98.002 .
Application — Effective date — 2011 c 327: See notes following RCW 11.103.020 .
Short title — Application — Purpose — Severability — 1985 c 30: See RCW 11.02.900 through 11.02.903 .
Severability — Effective dates — 1984 c 149: See notes following RCW 11.02.005 .