{"data":{"id":"us-wa/rcw-30b.53.005","jurisdiction":"us-wa","citation":"RCW 30B.53.005","heading":"Definitions.","body":"Unless the context clearly requires otherwise, the definitions in this section apply throughout this chapter.\n(1) \"Acquiring person\" means a person acquiring or seeking to acquire control of a state trust company, directly or indirectly.\n(2) \"Control,\" \"controls,\" \"controlled,\" and \"controlling\" mean:\n(a) The ownership of or ability or power to vote, directly, acting through one or more other persons, or otherwise indirectly, twenty-five percent or more of the outstanding shares of a class of voting securities of a state trust company or other company;\n(b) The ability to control the election of a majority of the board of a state trust company or other company;\n(c) The power to exercise, directly or indirectly, a controlling influence over the management or policies of the state trust company or other company as determined by the director after notice and an opportunity for hearing; or\n(d) The conditioning of the transfer of twenty-five percent or more of the outstanding shares or participation shares of a class of voting securities of a state trust company on the transfer of twenty-five percent or more of the outstanding shares of a class of voting securities of another state trust company or other company.\n(3) \"Merger\" includes consolidation.\n(4) \"Merging trust company\" means a party to a merger.\n(5) \"Resulting trust company\" means the trust company resulting from a merger.","path":["Title 30B","Chapter 30B.53"],"source_url":"https://app.leg.wa.gov/rcw/default.aspx?cite=30B.53.005","current_through":"July 15, 2026","vintage":"","retrieved_at":"2026-09-06T02:03:23Z","sha256":"55cb7e1b1467d628cccc89ac6b85e8e2cf208f2cb62a48bee3ae4343cd616d5d","source_id":"us-wa","stale":false,"prev":"us-wa/rcw-30b.53.002","next":"us-wa/rcw-30b.53.010"},"notice":"GroundRules: Original legal text. Not legal advice."}