Washington Code 30A.22.041 – Definitions
Current as of: 2023 | Check for updates
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The definitions in this section apply throughout this section and RCW 30A.22.240 and 30A.22.245.
Terms Used In Washington Code 30A.22.041
- 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.
- Fiduciary: A trustee, executor, or administrator.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- person: may be construed to include the United States, this state, or any state or territory, or any public or private corporation or limited liability company, as well as an individual. See Washington Code 1.16.080
- Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
(1) “Customer” means any person, partnership, limited partnership, corporation, trust, or other legal entity that is transacting or has transacted business with a financial institution, that is using or has used the services of an institution, or for which a financial institution has acted or is acting as a fiduciary.
(2) “Financial institution” means state and national banks and trust companies, state and federal savings banks, state and federal savings and loan associations, and state and federal credit unions.
(3) “Law enforcement officer” means an employee of a public law enforcement agency organized under the authority of a county, city, or town and designated to obtain deposit account information by the chief law enforcement officer of that agency.
[ 2014 c 37 § 195; 1995 c 186 § 1. Formerly RCW 30.22.041.]