Washington Code 30B.08.110 – Internet trust business
Current as of: 2023 | Check for updates
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(1) A person engaged in trust business in this state by use of the internet is subject to regulation by the department under this title, unless it is:
Terms Used In Washington Code 30B.08.110
- Department: means the Washington state department of financial institutions. See Washington Code 30B.04.005
- Director: means the director of the Washington state department of financial institutions. See Washington Code 30B.04.005
- Out-of-state trust institution: means a trust institution that is not a state trust company under this title. See Washington Code 30B.04.005
- Person: means an individual, a company, or any other legal entity. See Washington Code 30B.04.005
- State: means a state of the United States, the District of Columbia, a territory of the United States, Puerto Rico, Guam, American Samoa, the Trust Territory of the Pacific Islands, the Virgin Islands, and the Northern Mariana Islands. See Washington Code 30B.04.005
- Trust business: means the performance of, or holding out by, a person to the public by advertisement, solicitation, or other means that the person is available to perform one or more of the essential functions of trust business set forth in RCW 30B. See Washington Code 30B.04.005
(a) An out-of-state trust institution approved under chapter 30B.38 RCW or acting under authority of RCW 30B.72.010; or
(b) An exempt person under RCW 30B.04.040.
(2) The director may adopt rules specific to the regulation of internet trust businesses in the interest of protecting Washington state citizens.
[ 2014 c 37 § 332.]