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§ 30b-38-040 — Washington Law | CourtGPT
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  4. Rcw Dispositions Title 30b/
  5. Chapter 30b.38 - Out-of-state Trust Institutions.30b.38.005 - Trust Business at A Trust Office/
  6. § 30b-38-040
Washington Legal Code

§ 30b-38-040

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RCW 30B.38.040Notice 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 s 50; 2014 c 37 s 370.]