reglab/housing_qa huggingface dataset:
WA Rev Code § 30B.12.120 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.12 - State Trust Companies—Board of Directors, Officers, and Shareholders.|30B.12.120 - Directors, committees—Actions authorized without meetings—Written consent.

RCW 30B.12.120 Directors, committees—Actions authorized without meetings—Written consent.(1) Unless otherwise provided by the articles of incorporation or bylaws, any action required by this title to be taken at a meeting of the directors of a state trust company, or any action which may be taken at any meeting of the directors or of a committee, may be taken without a meeting if consented to in writing or by electronic transmission, setting forth the action so taken, shall be signed by all of the directors, or all of the members of the committee, as the case may be. Such consent has the same effect as a unanimous vote.(2) For purposes of this section, the term "electronic transmission" means any form of communication not involving the transmission of paper that creates a record that may be retained, retrieved, and reviewed by a recipient thereof and that may be directly reproduced in paper form by such recipient through an automated process.[ 2014 c 37 § 358.]
WA Rev Code § 30B.12.130 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.12 - State Trust Companies—Board of Directors, Officers, and Shareholders.|30B.12.130 - Directors, committees—Meetings authorized by conference telephone or similar communications equipment.

RCW 30B.12.130 Directors, committees—Meetings authorized by conference telephone or similar communications equipment.Except as may be otherwise restricted by the articles of incorporation or bylaws of a state trust company, members of its board of directors or any committee designated by its board of directors may participate in a meeting of the board or committee by means of a conference telephone or similar communications equipment by means of which all persons participating in the meeting can hear each other at the same time. Participation by such means shall constitute presence, in person, at a meeting.[ 2014 c 37 § 359.]
WA Rev Code § 30B.12.140 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.12 - State Trust Companies—Board of Directors, Officers, and Shareholders.|30B.12.140 - Fidelity bonds—Liability insurance—Additional insurance—Authority of director.

RCW 30B.12.140 Fidelity bonds—Liability insurance—Additional insurance—Authority of director.(1) Except as otherwise permitted by the director under specified terms and conditions, the board of directors of a state trust company shall direct and require good and sufficient fidelity bonds and liability insurance, issued by a company authorized to engage in the insurance business in the state of Washington, covering the state trust company and all of its active directors, officers, managers, and employees. Bonds or coverage shall provide for indemnity to the state trust company on account of any losses sustained by it as the result of any dishonest, fraudulent, or criminal act or omission committed or omitted by directors, officers, managers, and employees, acting independently or in collusion or combination with any person. Such bonds or coverage may be individual, schedule, or blanket form, and premiums shall be paid by the state trust company.(2) Except as otherwise permitted by the director under specified terms and conditions, the board of directors of a state trust company shall direct and require good and sufficient liability insurance, including errors and omissions coverage, for the negligent or reckless acts and omissions of directors, officers, fiduciary managers, and employees. Such coverage shall be paid by the state trust company.(3) Except as otherwise permitted by the director under specified terms and conditions, the directors shall also direct and require suitable insurance protection to the state trust company, as necessary, against burglary, robbery, theft, and other similar insurance hazards to which the state trust company may be exposed in the operations of its business on the premises or elsewhere.(4) The directors shall be responsible for prescribing at least once in each year the amount of such bonds or policies and the sureties or underwriters to be engaged, after giving due consideration to all known elements and factors constituting known risks or hazards. Such action of the directors shall be recorded in the board minutes.(5) The director may by rule prescribe requirements for bond and insurance coverage that are more specific and derogation of the provision of subsections (1) through (4) of this section if the director determines that such a rule is necessary to conform to the market availability of certain bond and insurance coverages.[ 2019 c 389 § 39.]
WA Rev Code § 30B.20.005 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.20 - State Trust Companies—Trust Deposits and Common Trust Funds.|30B.20.005 - General prohibition on deposit taking.

RCW 30B.20.005 General prohibition on deposit taking.Except as authorized by this chapter or other governing law, a trust company may not take or hold deposits of funds in this state unless:(1) It is authorized to do business in this state as a depository institution; and(2) Complies with all applicable federal and state laws and regulations respecting the taking and handling of monetary deposits.[ 2014 c 37 § 360.]
WA Rev Code § 30B.20.010 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.20 - State Trust Companies—Trust Deposits and Common Trust Funds.|30B.20.010 - Trust deposits as a client investment—Security fund.

RCW 30B.20.010 Trust deposits as a client investment—Security fund.(1) The director may establish by rule a plan for the safe and sound deposit of trust funds by a state trust company with itself as an investment, if:(a) The investment of the trust deposits is authorized in writing by the settlor or the beneficiary;(b) The state trust company maintains as security for the trust deposits a separate fund of securities, which are permissible for trust investments, under control of a federal reserve bank or a clearing corporation, either in this state or elsewhere;(c) The total market value of the security is at all times at least equal to the amount of the deposit;(d) The separate fund is designated as security for trust deposits;(e) The separate fund is maintained under the control of a bank or government agency; and(f) The state trust company complies with such other terms and conditions as the director may establish by rule in the interest of safety and soundness and protection of the public.(2) A state trust company may make periodic withdrawals from or additions to the securities fund required by subsection (1) of this section as long as the required value is maintained.(3) Income from the securities in the fund belongs to the state trust company.[ 2014 c 37 § 361.]
WA Rev Code § 30B.20.020 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.20 - State Trust Companies—Trust Deposits and Common Trust Funds.|30B.20.020 - Common trust funds—Collective investment funds.

RCW 30B.20.020 Common trust funds—Collective investment funds.(1) Consistent with RCW 11.102.010, a state trust company may establish common trust funds to provide investment to itself as a fiduciary.(2) The director may adopt rules to administer and carry out this section and RCW 11.102.010, including but not limited to rules to establish investment and participation limitations, disclosure of fees, audit requirements, limit or expand investment authority for particular classes or categories of securities or other property, advertising, exemptions, and other requirements that may be necessary to carry out this section.(3) A state trust company that invests in a collective investment fund shall make investments as required by RCW 30B.24.030 and in conformity with the contents of the state trust company's written statement of principles of trust management, pursuant to RCW 30B.24.040, as adopted by the board and subject to approval of the department. A state trust company shall also comply with RCW 30B.24.020 in avoiding conflicts of interest and self-dealing in relation to a collective investment fund.(4) Unless otherwise prescribed by the director by rule, a state trust company shall be required to establish and maintain collective investment funds the same as required for a federally insured state bank with authorized trust powers, taking into account federal rules applicable to a federally insured state bank in relation to a collective trust fund that require a written plan and specific requirements for fund management including, without limitation, provision for proportionate interests, methods and frequency of valuation of all or portions of the fund, admission and withdrawal of accounts, methods of distribution, segregation of investments, audit and financial reports related to the collective investment fund, advertising restrictions, management fees, expenses, and prohibition against certificates.(5) Notwithstanding the general use of the term "affiliate" in this title as defined in RCW 30B.04.005, nothing in this chapter shall be construed as exempting or modifying a requirement of a state trust institution with respect to RCW 11.102.010.[ 2019 c 389 § 40; 2014 c 37 § 362.]
WA Rev Code § 30B.24.010 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.24 - State Trust Companies—Prudential Fiduciary Standards.|30B.24.010 - Fee determination.

RCW 30B.24.010 Fee determination.(1) The compensation arrangement between a client and a trustee or any other fiduciary pursuant to this title shall be at arm's length and any compensation pursuant to such arrangement shall be a reasonable amount with respect to the services rendered.(2) This section does not apply to arrangements not involving trust or client assets.[ 2014 c 37 § 364.]
WA Rev Code § 30B.24.030 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.24 - State Trust Companies—Prudential Fiduciary Standards.|30B.24.030 - Compliance with fiduciary activities standards equivalent to that of national banks—Statement of principles of trust management—Management of third-party risk.

RCW 30B.24.030 Compliance with fiduciary activities standards equivalent to that of national banks—Statement of principles of trust management—Management of third-party risk.(1) Unless the director shall otherwise set forth by rule, a state trust company and, to the extent applicable, its affiliates, and their respective directors, officers, managers, employees, and agents, shall comply with such federal regulations applicable to the fiduciary activities of a federally insured state bank.(2) The requirements of subsection (1) of this section, as applicable to a state trust company, shall be at least partially contained in the state trust company's written statement of principles of trust management, the contents of which shall be subject to examination and approval by the department, and upon which the department may further examine a state trust company as to whether it is in compliance with such statement.(3) A state trust company and, to the extent applicable, its affiliate, shall comply with standards for prudent management of third-party risk under applicable law or as the director may otherwise adopt by rule or by a written interpretive statement including, without limitation, management of third-party risk pursuant to RCW 30B.24.060.[ 2019 c 389 § 42.]
WA Rev Code § 30B.24.050 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.24 - State Trust Companies—Prudential Fiduciary Standards.|30B.24.050 - Call report.

RCW 30B.24.050 Call report.(1) A state trust company shall file no later than forty-five days after the end of each calendar quarter a statement of its financial condition and a summary of the condition of its fiduciary accounts, known as a call report, in a form and content as prescribed by the director by rule or written policy from which at least ninety days' advance written notice has been given.(2) Unless otherwise established by rule, such call report shall be deemed confidential examination information and shall be subject to RCW 30A.04.075.[ 2019 c 389 § 45.]
WA Rev Code § 30B.24.060 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.24 - State Trust Companies—Prudential Fiduciary Standards.|30B.24.060 - Compliance with the bank secrecy act—Management of third-party risk—Cybersecurity—Examination.

RCW 30B.24.060 Compliance with the bank secrecy act—Management of third-party risk—Cybersecurity—Examination.(1) A state trust institution and its affiliate or third-party service provider, if applicable, shall comply with the federal financial recordkeeping and reporting of currency and foreign transactions act, 31 U.S.C. Sec. 5311 et seq., also known as the bank secrecy act, and with associated federal regulations including, without limitation, any requirements under 31 C.F.R. Part 103.(2) A state trust institution and its affiliate or third-party service provider, if applicable, shall maintain the federal standards for safeguarding customer information, required pursuant to Title V of the federal Gramm-Leach-Bliley act, P.L. 106-10, 113 Stat. 1338, as amended, and shall comply with applicable federal and state laws and rules related to cybersecurity, or written interpretive statement of the department to which the state trust institution, affiliate, or third-party service provider has been furnished notice.(3) A state trust company shall be subject to examination by the department for compliance with subsections (1) and (2) of this section. An affiliate of a state trust company may be subject to examination for compliance with subsections (1) and (2) of this section upon notice to the state trust company and to the applicable affiliate. A third-party service provider may be subject to direct examination in relation to compliance with subsections (1) and (2) of this section as may be required pursuant to RCW 30B.10.045 (3) and (4).[ 2019 c 389 § 46.]
WA Rev Code § 30B.38.005 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.38 - Out-of-State Trust Institutions.|30B.38.005 - Trust business at a trust office.

RCW 30B.38.005 Trust business at a trust office.(1) An out-of-state trust institution that meets the requirements of this chapter is not required to maintain a physical trust office in Washington state.(2) An out-of-state trust institution that does not operate a trust office in Washington state and that meets the requirements of this chapter may establish and maintain a new trust office in Washington state.(3) As used in this chapter, "doing business in Washington state," with reference to an out-of-state trust institution, means purposely availing oneself of regularly transacting trust business with the public in Washington state, or otherwise seeking to regularly transact trust business with the public in Washington state by means of solicitation, which the director may so determine if all or part of the administration of any trust or other agreement to conduct trust business is administered or sought to be administered in Washington state, or if a trust or other trust business agreement, with the assent of the out-of-state trust institution, specifies Washington state as the situs of the trust or situs of the tangible or intangible property covered by the trust business agreement.[ 2019 c 389 § 47; 2014 c 37 § 366.]
WA Rev Code § 30B.38.010 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.38 - Out-of-State Trust Institutions.|30B.38.010 - Preexisting approved out-of-state trust institutions.

RCW 30B.38.010 Preexisting approved out-of-state trust institutions.Notwithstanding any other provision of this title, an out-of-state trust institution that complies with RCW 30B.38.020(1) and 30B.72.010 is exempt from the requirements of RCW 30B.38.030 and 30B.38.040.[ 2014 c 37 § 367.]
WA Rev Code § 30B.38.030 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.38 - Out-of-State Trust Institutions.|30B.38.030 - Requirement of notice.

RCW 30B.38.030 Requirement of notice.An out-of-state trust institution desiring to engage in trust business in Washington state shall provide, or cause its home state regulator to provide, written notice to the director of its intent to engage in trust business in Washington state, accompanied by a written application containing:(1) Satisfactory evidence of a certificate of authority to engage in trust business in its home state, or equivalent, from its home state regulator;(2) A copy of the resolution adopted by the board of directors of such out-of-state trust institution authorizing the out-of-state trust institution to engage in trust business in Washington state;(3) Evidence of compliance with the requirements of the director set forth in RCW 30B.38.020 or a request for waiver of certain requirements of RCW 30B.38.020 satisfactory to the director; and(4) A filing fee, if any, as prescribed by the director under authority of RCW 30A.04.070.[ 2019 c 389 § 49; 2014 c 37 § 369.]
WA Rev Code § 30B.38.040 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.38 - Out-of-State Trust Institutions.|30B.38.040 - Notice of approval or denial by director.

RCW 30B.38.040 Notice of approval or denial by director.(1) The director must, within sixty days after receiving a complete written application under RCW 30B.38.030, including any waiver request, notify the home state regulator and the out-of-state trust institution of the director's approval or denial of the written application or waiver request, including any other conditions for approval that the director may require.(2) The sixty-day period of review may be extended by the director on a determination that the written notice raises issues that require additional information or additional time for analysis. If the period of review is extended, the out-of-state trust institution may engage in trust business in Washington state only on prior written approval by the director.[ 2019 c 389 § 50; 2014 c 37 § 370.]
WA Rev Code § 30B.38.050 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.38 - Out-of-State Trust Institutions.|30B.38.050 - Additional trust offices.

RCW 30B.38.050 Additional trust offices.An out-of-state trust institution that maintains a trust office in this state under this chapter may establish or acquire additional trust offices in this state to the same extent that a state trust company may establish or acquire additional offices in this state.[ 2014 c 37 § 371.]
WA Rev Code § 30B.38.070 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.38 - Out-of-State Trust Institutions.|30B.38.070 - Enforcement.

RCW 30B.38.070 Enforcement.(1) Consistent with chapter 30B.10 RCW, the director may determine an out-of-state trust institution engaging in trust business in Washington state, or its affiliate, is in violation of any provision of this title or is operating in an unsafe and unsound manner.(2) The director shall have the authority to take all such enforcement actions against an out-of-state trust institution or its affiliate as he or she is empowered to take under chapter 30B.10 RCW, including but not limited to issuing an order temporarily or permanently prohibiting the out-of-state trust institution or its affiliate from engaging in trust business in Washington state.(3) The director may make a written finding that an out-of-state trust institution engaging in or proposing to engage in a trust business in Washington state does not meet the requirements for engaging in trust business in Washington state pursuant to this chapter or RCW 30B.72.010, which finding shall be effective on the date of issuance or such other date as the director shall determine.(4) In cases involving extraordinary circumstances requiring immediate action, the director may issue pursuant to RCW 30B.10.180 an emergency order without advance notice or opportunity for hearing, subject to the right of the out-of-state trust institution or, as applicable, its affiliate, to petition for judicial review in the same manner as a state trust company under this title.(5) The director will give notice to the home state regulator of each enforcement action taken against an out-of-state trust institution or its affiliate and, to the extent practicable, will consult and cooperate with the home state regulator in pursuing and resolving such enforcement action.[ 2019 c 389 § 51; 2014 c 37 § 373.]
WA Rev Code § 30B.38.080 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.38 - Out-of-State Trust Institutions.|30B.38.080 - Notice of subsequent merger, closing, etc.

RCW 30B.38.080 Notice of subsequent merger, closing, etc.Each out-of-state trust institution that maintains an office in Washington state or otherwise conducts trust business in Washington state pursuant to this chapter, or the home state regulator of such trust institution, shall give at least thirty days' prior written notice, or in the case of an emergency transaction, such shorter notice as is consistent with applicable state or federal law, to the director of:(1) Any merger, consolidation, or other transaction that would cause a change of control with respect to such out-of-state trust institution or any bank holding company that controls such trust institution, as determined by the definition of "control" set forth in RCW 30B.53.005;(2) Any transfer of all or substantially all of the trust accounts or trust assets of the out-of-state trust institution to another person; or(3) The closing or disposition of any office in Washington state.[ 2019 c 389 § 52; 2014 c 37 § 374.]
WA Rev Code § 30B.38.090 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.38 - Out-of-State Trust Institutions.|30B.38.090 - Functionally unregulated out-of-state trust institutions.

RCW 30B.38.090 Functionally unregulated out-of-state trust institutions.Notwithstanding any other provision of this chapter, an out-of-state trust institution engaging in trust business in Washington state, which is not an exempt person under RCW 30B.04.040 and which by reason of the laws of its home state is not, in the opinion of the director, subject to supervision, examination, or other safety and soundness oversight by a home state regulator, shall be subject to all the requirements of a state trust company under this title.[ 2019 c 389 § 54; 2014 c 37 § 375.]
WA Rev Code § 30B.38.100 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.38 - Out-of-State Trust Institutions.|30B.38.100 - State trust company operating in another state—Approval of director.

RCW 30B.38.100 State trust company operating in another state—Approval of director.(1) Upon written approval of the director, a state trust company may conduct the business of a trust company in a host state, subject to the authority, requirements, and restrictions of the host state, or as otherwise directed by a cooperative agreement between the department and the host state.(2) The director may enter into a cooperative agreement with the host state regulator of the host state in which a state trust company is permitted to and conducts the business of a trust company and may permit the host state regulator to periodically examine the affairs of the state trust company in the host state.(3) The director may rely upon the examination of the host state regulator in lieu of the department itself conducting an examination of the state trust company's conduct in the host state.[ 2019 c 389 § 53.]