RCW 30B.20.005General 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 s 360.]
Washington Legal Code