11.36.021 - Trustees -- Who may serve. - Washington Statutes

Trustees — Who may serve.

(1) The following may serve as trustees:

     (a) Any suitable persons over the age of eighteen years, if not otherwise disqualified;

     (b) Any trust company regularly organized under the laws of this state and national banks when authorized to do so;

     (c) Any nonprofit corporation, if the articles of incorporation or bylaws of that corporation permit the action and the corporation is in compliance with all applicable provisions of Title 24 RCW;

     (d) Any professional service corporations regularly organized under the laws of this state whose shareholder or shareholders are exclusively attorneys; and

     (e) Any other entity so authorized under the laws of the state of Washington.

     (2) The following are disqualified to serve as trustees:

     (a) Minors, persons of unsound mind, or persons who have been convicted of any felony or a misdemeanor involving moral turpitude; and

     (b) A corporation organized under Title 23B RCW that is not authorized under the laws of the state of Washington to act as a fiduciary.

[1991 c 72 § 1; 1985 c 30 § 6. Prior: 1984 c 149 § 9.]

Notes: Short title -- Application -- Purpose -- Severability -- 1985 c 30: See RCW 11.02.900 through 11.02.903.

Severability -- Effective dates -- 1984 c 149: See notes following RCW 11.02.005.