reglab/housing_qa huggingface dataset:
WA Rev Code § 30B.44A.005 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.44A - State Trust Companies—Voluntary Dissolution and Liquidation.|30B.44A.005 - Required vote of shareholders.

RCW 30B.44A.005 Required vote of shareholders.A state trust company may go into voluntary liquidation and be closed, and may surrender its certificate of authority and franchise as a corporation or limited liability company of Washington state by the affirmative votes of its shareholders owning two-thirds of its shares.[ 2019 c 389 § 55; 2014 c 37 § 376.]
WA Rev Code § 30B.44A.010 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.44A - State Trust Companies—Voluntary Dissolution and Liquidation.|30B.44A.010 - Corporate procedure.

RCW 30B.44A.010 Corporate procedure.(1) Shareholder action to liquidate a state trust company shall be taken at a meeting of the shareholders duly called and noticed as provided for in Title 23B RCW, if the state trust company is a corporation, and as provided in chapter 25.15 RCW, if the state trust company is a limited liability company.(2) If the shareholders shall, by the required vote, elect to liquidate the state trust company, a copy of all proceedings of the meeting at which such action shall have been taken, verified by the oath of the president or manager and the secretary, shall be transmitted to the director for approval.[ 2019 c 389 § 56; 2014 c 37 § 377.]
WA Rev Code § 30B.44A.020 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.44A - State Trust Companies—Voluntary Dissolution and Liquidation.|30B.44A.020 - Authority to liquidate—Notice.

RCW 30B.44A.020 Authority to liquidate—Notice.(1) If the director approves the liquidation, the director shall issue to the state trust company written notice of approval for such purpose.(2) Such approval shall be deemed granted unless the director issues a written determination, no later than sixty days from notice by the state trust company to voluntarily liquidate, that adequate provision has not been made to satisfy all allowable creditors and further provide for successor trustees or other disposition of all trust assets under management.(3) If the director has made such a determination within the time set forth in subsection (2) of this section, the director is authorized to take possession of the state trust company and its assets and business and liquidate it in the manner provided for in chapter 30B.44B RCW.(4) If the director approves the voluntary liquidation of a state trust company under this chapter, the state trust company shall provide notice to creditors and the public of voluntary dissolution in the manner provided for in Title 23B RCW, if the state trust company is a corporation, and chapter 25.15 RCW, if the state trust company is a limited liability company.[ 2019 c 389 § 57; 2014 c 37 § 378.]
WA Rev Code § 30B.44A.030 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.44A - State Trust Companies—Voluntary Dissolution and Liquidation.|30B.44A.030 - Examination and reports.

RCW 30B.44A.030 Examination and reports.While a state trust company is in process of voluntary liquidation under this chapter, it is subject to examination by the director and shall continue to furnish to the director such reports as required of a state trust company.[ 2019 c 389 § 58; 2014 c 37 § 379.]
WA Rev Code § 30B.44A.040 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.44A - State Trust Companies—Voluntary Dissolution and Liquidation.|30B.44A.040 - Unclaimed property and moneys.

RCW 30B.44A.040 Unclaimed property and moneys.(1) All unclaimed property remaining in the possession of a state trust company that has been voluntarily liquidated according to this chapter is subject to the provisions of chapter 11.08 RCW, except to the extent set forth in this section.(2) Any funds, less outstanding fees and assessments owed to the director under RCW 30A.04.070, payment of allowable third-party claims, and disposition of fiduciary assets in compliance with this title, which remain uncalled for and unpaid at the conclusion of the state trust company's voluntary liquidation, shall be transmitted to the director and shall be deposited by him or her in a bank to the director's credit in trust for the benefit of any persons entitled thereto, and shall be paid by the director to such persons upon receipt of evidence, reasonably satisfactory to the director, of such persons' rights to such funds.(3) All moneys so deposited remaining unclaimed for two years 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 § 60; 2014 c 37 § 380.]
WA Rev Code § 30B.44A.050 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.44A - State Trust Companies—Voluntary Dissolution and Liquidation.|30B.44A.050 - Sale and transfer of property—Conditions for sale without shareholder approval.

RCW 30B.44A.050 Sale and transfer of property—Conditions for sale without shareholder approval.(1) Any state trust company may sell and transfer to any other trust institution all of its assets of every kind upon such terms as may be agreed upon and approved by the director and by two-thirds vote of its shareholders.(2) A copy of the minutes of any meeting at which such action is taken, together with a copy of the asset purchase agreement, shall be filed with the director.(3) Notwithstanding any other provision of this title, the board of a state trust company, with the director's approval, may cause a state trust company to sell all or substantially all of its assets, including the right to control accounts established with the trust company, without shareholder or participant approval if the director finds:(a) The interests of the state trust company's clients and creditors are jeopardized because of insolvency or imminent insolvency of the state trust company; and(b) The sale is in the best interest of the state trust company's clients and creditors.(4) A sale under this section must include an assumption and promise by the buyer to pay or otherwise discharge:(a) All of the state trust company's liabilities to clients and depositors;(b) All of the state trust company's liabilities for salaries of the state trust company's employees incurred before the date of the sale;(c) Obligations incurred by the director arising out of the supervision or sale of the state trust company; and(d) Fees and assessments due the department.(5) This section does not limit the incidental power of a state trust company to buy and sell assets in the ordinary course of business.(6) This section does not affect the director's authority to take action under state law.[ 2019 c 389 § 62; 2014 c 37 § 381.]
WA Rev Code § 30B.44A.060 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.44A - State Trust Companies—Voluntary Dissolution and Liquidation.|30B.44A.060 - Procedures for voluntary liquidation.

RCW 30B.44A.060 Procedures for voluntary liquidation.Except as set forth in this chapter to the contrary, the procedures for voluntary liquidation of a state trust company shall be consistent with Title 23B RCW, if the state trust company is a corporation, and chapter 25.15 RCW, if the state trust company is a limited liability company.[ 2019 c 389 § 59.]
WA Rev Code § 30B.44A.070 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.44A - State Trust Companies—Voluntary Dissolution and Liquidation.|30B.44A.070 - Naming of successor trustee upon dissolution of state trust company—Contingency for director as statutory custodian.

RCW 30B.44A.070 Naming of successor trustee upon dissolution of state trust company—Contingency for director as statutory custodian.(1) In the event of a voluntary dissolution of a trust company pursuant to this chapter, the provisions of RCW 11.98.039 (1), (2), and (3) shall apply, if applicable, to the selection of a successor trustee, subject to the director's option to approve a successor trustee as part of the director's approval of a voluntary liquidation under RCW 30B.44A.020.(2) If, however, RCW 11.98.039(4) is applicable but a trust beneficiary, trustor, if alive, or trustee does not petition the superior court for appointment of successor trustee within thirty days of the last publication of notice of the voluntary dissolution of the trust company pursuant to RCW 30B.44A.020, then the director may:(a) Appoint himself or herself as a custodian of any affected trust until such time as the superior court makes a determination of successor trustee; or(b) At his or her option, bring before the superior court a petition for appointment of a successor trustee, other than an employee or independent contractor of the department, pursuant to chapter 11.96A RCW.(3) In no event may the director or any employee or independent contractor of the department serve as a successor trustee under chapter 11.98 RCW or as a receiver of trust assets under chapter 7.60 RCW.[ 2019 c 389 § 61.]
WA Rev Code § 30B.44A.080 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.44A - State Trust Companies—Voluntary Dissolution and Liquidation.|30B.44A.080 - Cancellation of state trust company's certificate of authority.

RCW 30B.44A.080 Cancellation of state trust company's certificate of authority.Whenever voluntary liquidation is approved by the director or the sale and transfer of the assets of any state trust company is approved by the director pursuant to this chapter, a certified copy of such approval, filed in the office of the secretary of state, shall authorize the cancellation of the certificate of authority of such state trust company, subject, however, to its continued existence, as either a general corporation under Title 23B RCW or a general limited liability company under chapter 25.15 RCW.[ 2019 c 389 § 63.]
WA Rev Code § 30B.44B.005 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.44B - State Trust Companies—Involuntary Dissolution and Liquidation.|30B.44B.005 - When director may take possession.

RCW 30B.44B.005 When director may take possession.(1) After the expiration of thirty days from the director's written notice to correct an unsafe condition of the state trust company, the director may take possession of the business and property of a state trust company to which this title is applicable whenever it appears that the state trust company:(a) Has violated the terms of its certificate of authority or any laws applicable thereto;(b) Is conducting its business in an unauthorized or unsafe manner;(c) Is in an unsafe or unsound condition to transact its business;(d) Has an impairment of its capital;(e) Has become otherwise insolvent;(f) Has neglected or refused to comply with the terms of a duly issued lawful order of the director;(g) Has refused, upon proper demand, to submit its records, affairs, and concerns for inspection and examination of a duly appointed or authorized examiner of the director;(h) Through its officers, has refused to be examined upon oath regarding its affairs; or(i) Has made a voluntary assignment of its assets to trustees.(2) Notwithstanding the notice requirement in subsection (1) of this section, the director may without notice seize and take immediate possession of a state trust company if it appears to the director that the conditions of the state trust company are so hazardous that they pose an imminent threat to the general public or the interests of the state trust company's clients.[ 2014 c 37 § 382.]
WA Rev Code § 30B.44B.010 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.44B - State Trust Companies—Involuntary Dissolution and Liquidation.|30B.44B.010 - Mutual consent to dissolution and liquidation.

RCW 30B.44B.010 Mutual consent to dissolution and liquidation.If the director consents, any state trust company may voluntarily place its assets and business under the control of the director for liquidation by a resolution of a majority of its directors or members upon notice to the director. Upon taking possession of the state trust company, the director, or duly appointed agent, shall retain possession thereof until the state trust company is authorized by the director to resume business or until the affairs of the state trust company are fully liquidated as provided in this chapter. A state trust company shall not make any general assignment for the benefit of its creditors except by surrendering possession of its assets to the director, as provided in this section. Whenever any state trust company for any reason suspends operations for any length of time, the state trust company shall, immediately upon such suspension of operations, be deemed in the possession of the director and subject to liquidation under this chapter.[ 2014 c 37 § 383.]
WA Rev Code § 30B.44B.030 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.44B - State Trust Companies—Involuntary Dissolution and Liquidation.|30B.44B.030 - Possession of trust assets and company assets and property with the director—Bar against attachment proceedings.

RCW 30B.44B.030 Possession of trust assets and company assets and property with the director—Bar against attachment proceedings.The taking of possession of any state trust company by the director pursuant to RCW 30B.44B.005 or 30B.44B.010 is sufficient to place all of the state trust company's fiduciary assets in the custody of the director and all of the nonfiduciary assets and property of every nature in the director's possession and bar all attachment proceedings.[ 2019 c 389 § 64.]
WA Rev Code § 30B.44B.040 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.44B - State Trust Companies—Involuntary Dissolution and Liquidation.|30B.44B.040 - Director's right to take possession may be contested.

RCW 30B.44B.040 Director's right to take possession may be contested.(1) Within ten days after the director takes possession of a state trust company pursuant to RCW 30B.44B.005, the state trust company may serve a notice upon the director to appear before the superior court of the county where the headquarters of the state trust company is located and at a time to be fixed by the court, which shall not be less than five nor more than fifteen days from the date of the service of such notice, to show cause why the director's action taking possession of the state trust company should not be affirmed.(2) Upon the return day of such notice, or such further day as the matter may be continued to, the court shall summarily hear the show-cause petition and shall dismiss it, if the court finds that possession of the state trust company was taken by the director in good faith and for cause. If, however, the court finds that no cause existed for taking possession of the state trust company, the court shall require the director to restore the state trust company to possession of its assets and enjoin the director from further interference with the state trust company without cause.[ 2019 c 389 § 65.]
WA Rev Code § 30B.44B.060 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.44B - State Trust Companies—Involuntary Dissolution and Liquidation.|30B.44B.060 - Notice to creditors—Claims.

RCW 30B.44B.060 Notice to creditors—Claims.(1) The director shall publish on the department's public website and also once a week for four consecutive weeks in a newspaper of general circulation, which the director shall select, a notice requiring all persons having claims against the dissolved state trust company to make proof of claim to the department as specified in the notice not later than ninety days from the date of the first publication of such notice.(2) The director shall mail similar notices to all persons whose names appeared as creditors upon the books of the state trust company as of the date and time of the director taking possession pursuant to RCW 30B.44B.005 or 30B.44B.010.(3) The director may approve or reject any claims, but shall serve notice of rejection upon the claimant by mail or personally. A declaration of service of such notice, signed under penalty of perjury, shall be deemed a rebuttable presumption that notice has been given pursuant to this section.(4) No action shall be brought on any claim after ninety days from the date of service of notice of rejection.(5) After the expiration of the time fixed in the notice, the director shall have no power to accept any claim.(6) Any claim that has not been filed with the department as required by this section is barred as a matter of law.[ 2019 c 389 § 67.]
WA Rev Code § 30B.44B.070 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.44B - State Trust Companies—Involuntary Dissolution and Liquidation.|30B.44B.070 - Executory contract or unexpired lease—Permitted actions by director.

RCW 30B.44B.070 Executory contract or unexpired lease—Permitted actions by director.Upon issuance of an order taking possession of a state trust company, the director may assume or reject any executory contract or unexpired lease of the state trust company upon written notice to the parties to such contract.[ 2019 c 389 § 68.]
WA Rev Code § 30B.44B.080 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.44B - State Trust Companies—Involuntary Dissolution and Liquidation.|30B.44B.080 - Inventory—List of claims.

RCW 30B.44B.080 Inventory—List of claims.(1) Upon taking possession of the dissolved state trust company, the director shall make an inventory of the nonfiduciary assets in duplicate, filing one with the department and one in the office of the superior court clerk.(2) Upon the expiration of the time fixed for the presentation of claims, the director shall make a duplicate list of claims presented, segregating those approved and those rejected, and file this list with the clerk of the superior court.[ 2019 c 389 § 69.]
WA Rev Code § 30B.44B.090 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.44B - State Trust Companies—Involuntary Dissolution and Liquidation.|30B.44B.090 - Objections to approved claims.

RCW 30B.44B.090 Objections to approved claims.Objection may be made by any interested person to any claim approved by the director, which objection shall be determined by the superior court upon notice to the claimant and objector as the superior court shall prescribe.[ 2019 c 389 § 70.]
WA Rev Code § 30B.44B.100 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.44B - State Trust Companies—Involuntary Dissolution and Liquidation.|30B.44B.100 - Temporary receiver—Prohibited except in emergency.

RCW 30B.44B.100 Temporary receiver—Prohibited except in emergency.(1) A receiver shall not be appointed by any court for any state trust company, nor shall any assignment of any state trust company for the benefit of creditors be valid, except that, in addition to the director's authority to take possession of a state trust company pursuant to RCW 30B.44B.005 or 30B.44B.010, the superior court otherwise having jurisdiction may in case of imminent necessity appoint a temporary receiver to take possession of and preserve the assets of such state trust company.(2) Immediately upon appointment of a person as temporary receiver, the clerk of the superior court shall notify the director in writing of such appointment and the director shall then take possession of the state trust company, as in case of insolvency, and the temporary receiver shall, upon demand of the director, surrender to the director possession of the state trust company and all assets which shall have come into the possession of such temporary receiver.(3) The director shall in due course pay such temporary receiver out of the assets of the state trust company.[ 2019 c 389 § 71.]
WA Rev Code § 30B.44B.110 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.44B - State Trust Companies—Involuntary Dissolution and Liquidation.|30B.44B.110 - Preferences prohibited—Penalty.

RCW 30B.44B.110 Preferences prohibited—Penalty.(1) Any transfer of its property or assets by a state trust company, made (a) in contemplation of insolvency or after it shall have become insolvent, (b) within ninety days before the date the director takes possession of such state trust company, and (c) with a view to the preference of one creditor over another or to prevent the equal distribution of its property and assets among its creditors, shall be void.(2) Every director, officer, or employee of a state trust company making any such transfer of assets is guilty of a class B felony punishable according to chapter 9A.20 RCW.[ 2019 c 389 § 72.]
WA Rev Code § 30B.44B.120 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.44B - State Trust Companies—Involuntary Dissolution and Liquidation.|30B.44B.120 - Expense of liquidation—Priority for director's expenses.

RCW 30B.44B.120 Expense of liquidation—Priority for director's expenses.(1) All expenses incurred by the director in taking possession, administering, and resolving any state trust company dissolved pursuant to this chapter, including the expenses of assistants or agents and reasonable fees for any attorney who may be employed in connection with such administration and resolution, and the reasonable compensation of any special assistant or agent placed in charge of such dissolved state trust company, shall be a priority charge upon the assets of the dissolved state trust company and shall be senior to any approved third-party claims.(2) Such charges for expenses as set forth in subsection (1) of this section shall be fixed by the director, subject to the approval of the superior court.[ 2019 c 389 § 73.]
WA Rev Code § 30B.44B.130 (2021)
2021 Revised Code of Washington|Title 30B - Washington Trust Institutions Act|Chapter 30B.44B - State Trust Companies—Involuntary Dissolution and Liquidation.|30B.44B.130 - Liquidation after claims are paid.

RCW 30B.44B.130 Liquidation after claims are paid.When all proper claims of creditors, excluding shareholders, have been paid, as well as all expenses of administration and liquidation, and proper provision has been made for unclaimed or unpaid property and dividends, and assets still remain in the director's possession, the director shall furnish written notice to all shareholders of record of the state trust company, as of the date and time the director took possession of the state trust company pursuant to RCW 30B.44B.005 or 30B.44B.010, of the existence of any remaining funds according to each shareholder's proportional beneficial interest in the state trust company.[ 2019 c 389 § 74.]