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Washington · Through July 15, 2026

RCW 30A.26.120: Term and termination.

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Where this section sits in the code
  1. Title 30A
  2. Chapter 30A.26

(1) Unless otherwise provided in the account agreement, a special deposit terminates five years after the date the special deposit was first funded.

(2) Unless otherwise provided in the account agreement, if the bank cannot identify or locate a beneficiary entitled to payment when the special deposit is terminated, and a balance remains in the special deposit, the bank shall pay the balance to the depositor or depositors as a beneficiary or beneficiaries.

(3) A bank that pays the remaining balance as provided under subsection (2) of this section has no further obligation with respect to the special deposit.

Collected 2026-09-06T02:00:51Z. Source file · JSON

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