RCW 30B.20.005: General prohibition on deposit taking.

RCWs > Title 30B > Chapter 30B.20 > Section 30B.20.005

Beginning of Chapter << 30B.20.005 >> 30B.20.010

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.