Washington Code 11.98.065 – Change in form of corporate trustee
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Any appointment of a specific bank, trust company, or corporation as trustee is conclusively presumed to authorize the appointment or continued service of that entity’s successor in interest in the event of a merger, acquisition, or reorganization, and no court proceeding is necessary to affirm the appointment or continuance of service.
[ 1985 c 30 § 49. Prior: 1984 c 149 § 78.]
NOTES:
Severability—Effective dates—1984 c 149: See notes following RCW 11.02.005.
Terms Used In Washington Code 11.98.065
- Continuance: Putting off of a hearing ot trial until a later time.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.