reglab/housing_qa huggingface dataset:
WA Rev Code § 30B.44B.140 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.44B - State Trust Companies—Involuntary Dissolution and Liquidation.|30B.44B.140 - Disposition of unclaimed personal property.

RCW 30B.44B.140 Disposition of unclaimed personal property.(1) If, at the conclusion of the liquidation of a state trust company, there remains unclaimed personal property, other than monetary deposit accounts, which had previously been left with it for safekeeping, including unclaimed trust assets, such property shall be inventoried by the director or his or her special assistant or agent and segregated and identified by the name and last known address of the person who appears on the books of the state trust company, as of the date and time of its closure, as being entitled to the property.(2) Upon receiving possession of such unclaimed personal property, the director shall hold it for safekeeping. The liquidated state trust company, its directors, officers, managers, managing principals, and shareholders, and the director's special assistant or agent, if any, shall be relieved of responsibility and liability for the property so delivered to and received by the director.(3) The director shall then send to each person who appears on the books and records of the liquidated state trust company as having the right to such property, at his or her last known address, a notice that the property listed will be held in his or her name for a period of not less than one year.(4) At any time after the mailing of such notice, and before the expiration of one year, such person may require the delivery of the property so held, by properly identifying himself or herself and offering evidence of his or her right to such property, to the satisfaction of the director. The director may condition delivery of such property upon prior payment to the director of all storage costs and reasonable costs associated with such delivery.[ 2019 c 389 § 75.]
WA Rev Code § 30B.44B.150 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.44B - State Trust Companies—Involuntary Dissolution and Liquidation.|30B.44B.150 - Disposition of unclaimed personal property—Final notice—Sale.

RCW 30B.44B.150 Disposition of unclaimed personal property—Final notice—Sale.(1) After the expiration of one year from the time of giving notice under RCW 30B.44B.140(3), the director shall issue and serve by mail a final notice stating that one year has elapsed since the sending of the notice referred to in RCW 30B.44B.140(3), and that the director will sell all the property or articles of value set out in the notice, at a specified time and place, not less than thirty days after the time of the final notice. Unless the person shall, on or before such time and to the satisfaction of the director, claim the property, identify himself or herself, offer evidence of his or her right to such property, and remit payment to the director of all storage costs and reasonable costs associated with delivery to such person, the director may sell all the property or articles of value listed in the notice, at public auction, at the time and place stated in the final notice: PROVIDED, That a notice of the time and place of such sale has been published once within ten days prior to the sale in a newspaper of general circulation in the county where the headquarters of the state trust company was located.(2) In addition to subsection (1) of this section, any such property held by the director, the owner of which is not known, may be sold at public auction after it has been held by the director for one year: PROVIDED, That a notice of the time and place of sale has been published once within ten days prior to the sale in a newspaper of general circulation in the county where the headquarters of the state trust company was located.[ 2019 c 389 § 76.]
WA Rev Code § 30B.44B.160 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.44B - State Trust Companies—Involuntary Dissolution and Liquidation.|30B.44B.160 - Disposition of unclaimed personal property—Monetary funds.

RCW 30B.44B.160 Disposition of unclaimed personal property—Monetary funds.(1) Any monetary funds, including funds obtained from sale of personal property at auction pursuant to this section, remaining unclaimed and unpaid in the possession of the director for six months after the superior court's order of final distribution, shall be deposited by the director in a bank to his or her credit, in trust for the benefit of the persons entitled to such funds and subject to the supervision of the superior court.(2) Such monetary funds shall be paid by the director to the entitled persons upon receipt of satisfactory evidence of their right to such funds.(3) All moneys so deposited remaining unclaimed for one year after deposit shall escheat to the state for the benefit of the state financial literacy and education programs as authorized by RCW 43.320.150 and administered by the department, or, in the absence of such programs, as otherwise directed by the state treasurer.(4) It shall not be necessary to have the escheat adjudged in a suit or action.[ 2019 c 389 § 77.]
WA Rev Code § 30B.44B.170 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.44B - State Trust Companies—Involuntary Dissolution and Liquidation.|30B.44B.170 - Destruction of records after liquidation.

RCW 30B.44B.170 Destruction of records after liquidation.(1) Where any records of the state trust company have been taken over and are in the possession of the director in connection with the involuntary liquidation of a state trust company, the director may, in his or her discretion at any time after an order of final liquidation, or equivalent, by the superior court, destroy any of such records which may appear to the director to be obsolete or unnecessary for future reference as part of the liquidation and as files of the department.(2) Such records are exempt from public disclosure, consistent with RCW 42.56.400(6), 30A.04.075, and 30B.04.060.[ 2019 c 389 § 78.]
WA Rev Code § 30B.44B.180 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.44B - State Trust Companies—Involuntary Dissolution and Liquidation.|30B.44B.180 - Reopening—Conditions.

RCW 30B.44B.180 Reopening—Conditions.(1) Notwithstanding any other provision of this chapter, the director may, at any time within ninety days after taking possession of a state trust company under RCW 30B.44B.005 or 30B.44B.010, permit such state trust company to reopen upon such terms and conditions as the director shall prescribe, if he or she has determined that:(a) Sufficient remedy has been made of the state trust company's impairment and delinquencies; and(b) It is in the best interest of trustors, beneficiaries, creditors, shareholders, and the general public that the state trust company be reopened rather than be liquidated.(2) Before being permitted to reopen pursuant to this section, a state trust company shall pay all of the outstanding fees, assessment, and expenses of the director as provided for in this title.[ 2019 c 389 § 79.]
WA Rev Code § 30B.46.003 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.46 - State Trust Companies—Supervisory Direction and Conservatorship.|30B.46.003 - Definitions.

RCW 30B.46.003 Definitions.The definitions in this section apply throughout this chapter unless the context clearly requires otherwise.(1) "Corrective action measures" refers collectively to supervisory agreements, memoranda of understanding, supervisory directives, corrective action orders, and orders of conservatorship.(2) "Corrective action order" means a cease and desist order, consent order, order compelling action, or order of conservatorship, as prescribed by this chapter.(3) "Exceeded its powers" includes, without limitation, the following circumstances:(a) If a state trust company has engaged in unauthorized trust activity;(b) If a state trust company has refused to permit examination of its books, papers, accounts, records, or affairs by the director, assistant director, or examiners; or(c) If a state trust company has neglected or refused to observe an order of the director including, without limitation, an order to make good, within the time prescribed, any capital deficiency.(4) "Order of conservatorship" means an order specifically authorized under this chapter for the appointment for a conservatory of a state trust company.(5) "Supervisory agreement" or "memorandum of understanding" means a supervisory directive in which a state trust company has given its prior consent.(6) "Supervisory directive" means a supervisory directive in which the state trust company has not given its prior consent.(7) "Unsafe condition" shall mean and include, but not be limited to, any one or more of the following circumstances:(a) If a state trust company is less than adequately capitalized as determined by the director;(b) If a state trust company violates the applicable provisions of this title or any other law or regulation applicable to a state trust company in a manner that results or is likely to result in a significant increase in the state trust company's legal or operational risk;(c) If a state trust company conducts a fraudulent or questionable practice in the conduct of its business that endangers its reputation, beneficiaries, shareholders, or trustors, or threatens its solvency;(d) If a state trust company conducts its business in an unsafe or unsound manner;(e) If a state trust company engages in unauthorized trust activity;(f) If a state trust company violates any conditions of its certificate of authority or any agreement entered with the director; or(g) If a state trust company willfully fails to carry out any authorized instruction or direction of the director.[ 2019 c 389 § 80.]
WA Rev Code § 30B.46.030 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.46 - State Trust Companies—Supervisory Direction and Conservatorship.|30B.46.030 - Supervisory directive.

RCW 30B.46.030 Supervisory directive.(1) If, upon examination or investigation, or at any other time, it appears to the director that a state trust company is in an unsafe condition and its condition is such as to render the continuance of its business, without the director's supervisory directive, harmful to the public or to its beneficiaries, shareholders, or trustors, then the director may either negotiate and enter into a supervisory agreement or memorandum of understanding with the state trust company, or issue and deliver a supervisory directive or corrective action order without its consent, the contents of which shall contain:(a) Notice to the state trust company of the director's supervisory determination; and(b) A written list and description of the requirements necessary to abate the director's determination.(2) If placed under a supervisory directive, with or without its consent, the state trust company shall comply with the director's lawful requirements as contained in the supervisory directive and within such time as provided in the supervisory directive.(3) If the state trust company fails to comply with the supervisory directive within the time provided, the director may issue and deliver to the state trust company, with or without its consent, a corrective action order or an order of conservatorship.[ 2019 c 389 § 82.]
WA Rev Code § 30B.46.040 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.46 - State Trust Companies—Supervisory Direction and Conservatorship.|30B.46.040 - Supervisory directive or corrective action order—Appointment of representative.

RCW 30B.46.040 Supervisory directive or corrective action order—Appointment of representative.During the period of a supervisory directive or corrective action order, the director may appoint a representative to supervise the state trust company.[ 2019 c 389 § 83.]
WA Rev Code § 30B.46.050 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.46 - State Trust Companies—Supervisory Direction and Conservatorship.|30B.46.050 - Supervisory directive or corrective action order—Restrictions on operations—Other requirements.

RCW 30B.46.050 Supervisory directive or corrective action order—Restrictions on operations—Other requirements.A supervisory directive or corrective action order may provide that the state trust company not do any of the following during the period of supervisory direction, without the prior approval of the director or the appointed representative:(1) Dispose of, convey, or encumber any of its assets;(2) Acquire new trust assets under management;(3) Dispose of existing trust assets under management;(4) Withdraw any of its own funds from bank accounts;(5) Lend any of its funds;(6) Invest any of its funds;(7) Transfer any of its property;(8) Incur any debt, obligation, or liability;(9) Change the composition of the board of directors or management; or(10) Any other written restriction or requirement as determined by the director.[ 2019 c 389 § 84.]
WA Rev Code § 30B.46.060 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.46 - State Trust Companies—Supervisory Direction and Conservatorship.|30B.46.060 - Supervisory directive or corrective action order—Conservator.

RCW 30B.46.060 Supervisory directive or corrective action order—Conservator.(1) If the director determines that a state trust company has failed to comply with the lawful requirements imposed by such supervisory directive or corrective action order, the director may by order, with or without consent of the state trust company, appoint a conservator for the state trust company, who shall immediately take charge of such state trust company and all of its property, books, records, and effects.(2) The conservator shall conduct the business of the state trust company and take such steps toward the removal of the causes and conditions which necessitated such order of conservatorship, as the director may specify in the order.(3) During the pendency of the conservatorship, the conservator shall make such reports to the director from time to time as may be required by the director, and shall be empowered to take all necessary measures to preserve, protect, and recover any assets or property of such state trust company, including claims or causes of actions belonging to or which may be asserted by such state trust company, and to deal with the same in his or her own name as conservator, and shall be empowered to file, prosecute, and defend any suit and suits which have been filed or which may be filed by or against such state trust company that are deemed by the conservator to be necessary to protect all of the interested parties for a property affected thereby.(4) The director, an assistant director or other officer of the department, or an independent contractor appointed by the director may be appointed to serve as conservator.(5) If, after issuance of the order of conservatorship, the director determines, after consultation with the conservator, that the state trust company is in an unsafe and unsound condition and ought not to continue business, the director may proceed to give advance notice to and take possession of the state trust company for involuntary liquidation pursuant to chapter 30B.44B RCW.(6) The director, in his or her capacity as a conservator, or any other person appointed as conservator by the director, pursuant to this chapter is immune from criminal, civil, and administrative liability for any act done in good faith in the performance of the duties of conservator.[ 2019 c 389 § 85.]
WA Rev Code § 30B.46.070 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.46 - State Trust Companies—Supervisory Direction and Conservatorship.|30B.46.070 - Costs as charge against assets.

RCW 30B.46.070 Costs as charge against assets.(1) All costs incident to supervisory direction and the conservatorship shall be fixed and determined by the director and shall be a charge against the assets of the state trust company to be allowed and paid as the director may determine.(2) A member of the board of directors of a state trust company or, in the case of a limited liability trust company, a managing participant, may, pursuant to notice and adjudication under chapter 30B.10 RCW, be found liable for such costs incurred that have not been recouped by the director out of the assets of the state trust company.[ 2019 c 389 § 86.]
WA Rev Code § 30B.46.080 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.46 - State Trust Companies—Supervisory Direction and Conservatorship.|30B.46.080 - Request for review of action—Stay of action—Orders subject to review.

RCW 30B.46.080 Request for review of action—Stay of action—Orders subject to review.(1) During the period of the supervisory direction or period of conservatorship, as applicable, the state trust company may request the director to review an action taken or proposed to be taken by a representative under a supervisory directive or by the conservator, specifying that the action complained of is believed not to be in the best interest of the state trust company.(2) A request made under subsection (1) of this section shall stay the action of the representative or conservator pending review of such action by the director.(3) An order by the director pursuant to this section, following the review of an action or proposed action of the representative or conservator, shall be subject to judicial review in accordance with RCW 30B.10.180.[ 2019 c 389 § 87.]
WA Rev Code § 30B.46.090 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.46 - State Trust Companies—Supervisory Direction and Conservatorship.|30B.46.090 - Suit against state trust company or conservator—Where brought—Suit by conservator.

RCW 30B.46.090 Suit against state trust company or conservator—Where brought—Suit by conservator.(1) A suit filed against a state trust company or its conservator, after the issuance of an order by the director placing such state trust company in conservatorship and while such order is in effect, shall be brought in the superior court of Thurston county and not elsewhere.(2) The conservator appointed for such state trust company may file suit in any superior court or other court of competent jurisdiction against any person for the purpose of preserving, protecting, or recovering any asset or property of such state trust company, including claims or causes of action belonging to or which may be asserted by such state trust company.[ 2019 c 389 § 88.]
WA Rev Code § 30B.46.100 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.46 - State Trust Companies—Supervisory Direction and Conservatorship.|30B.46.100 - Duration of conservator's term—Rehabilitated state trust company—Management.

RCW 30B.46.100 Duration of conservator's term—Rehabilitated state trust company—Management.(1) The conservator shall serve for such time as is necessary to accomplish the purposes of the conservatorship as intended by this chapter.(2) If rehabilitated, the rehabilitated state trust company shall be returned to preexisting management or new management under such conditions as are reasonable and necessary to prevent recurrence of the condition which occasioned the conservatorship.[ 2019 c 389 § 89.]
WA Rev Code § 30B.46.110 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.46 - State Trust Companies—Supervisory Direction and Conservatorship.|30B.46.110 - Plenary authority of director—Flexibility in use of remedies.

RCW 30B.46.110 Plenary authority of director—Flexibility in use of remedies.(1) If the director determines to act under authority of this chapter, the sequence of his or her acts and proceedings shall be as set forth in this chapter.(2) However, the director may, in the exercise of broad administrative discretion, proceed in lieu of this chapter and pursuant to other authority including, without limitation, notice and adjudication under chapter 30B.10 RCW or by means of seeking a direct judicial remedy in superior court.[ 2019 c 389 § 90.]
WA Rev Code § 30B.46.120 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.46 - State Trust Companies—Supervisory Direction and Conservatorship.|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.]
WA Rev Code § 30B.53.002 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.53 - State Trust Companies—Merger, Consolidation, and Conversion.|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.]
WA Rev Code § 30B.53.005 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.53 - State Trust Companies—Merger, Consolidation, and Conversion.|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, directly, acting through one or more other persons, or otherwise indirectly, twenty-five percent or more of the outstanding shares of a class of voting securities of a state trust company or other company;(b) The ability to control the election of a majority of the board of a state trust company or other company;(c) The power to exercise, directly or indirectly, a controlling influence over the management or policies of the state trust company or other company as determined by the director after notice and an opportunity for hearing; or(d) The conditioning of the transfer of twenty-five percent or more of the outstanding shares or participation shares of a class of voting securities of a state trust company on the transfer of twenty-five percent or more of the outstanding shares of a class of voting securities of another state trust company or other company.(3) "Merger" includes consolidation.(4) "Merging trust company" means a party to a merger.(5) "Resulting trust company" means the trust company resulting from a merger.[ 2019 c 389 § 93; 2014 c 37 § 388.]
WA Rev Code § 30B.53.010 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.53 - State Trust Companies—Merger, Consolidation, and Conversion.|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.]