RCW 30A.26.120
106 words·~1 min read·
/wa/title-30a/chapter-30a-26/30a-26-120·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)Unless otherwise provided in the account agreement, a special deposit terminates five years after the date the special deposit was first funded.
(2)Unless otherwise provided in the account agreement, if the bank cannot identify or locate a beneficiary entitled to payment when the special deposit is terminated, and a balance remains in the special deposit, the bank shall pay the balance to the depositor or depositors as a beneficiary or beneficiaries.
(3)A bank that pays the remaining balance as provided under subsection
(2)of this section has no further obligation with respect to the special deposit.
[ 2024 c 23 s 13 .]