State Codes and Statutes
Statutes > Washington > Title-11 > 11-98 > 11-98-045Criteria for transfer of trust assets or administration.
(1) A trustee may transfer trust assets to a trustee in another jurisdiction or may transfer the place of administration of a trust to another jurisdiction if the trust instrument so provides or in accordance with RCW 11.98.051 or 11.98.055.
(2) Transfer under this section is permitted only if:
(a) The transfer would facilitate the economic and convenient administration of the trust;
(b) The transfer would not materially impair the interests of the beneficiaries or others interested in the trust;
(c) The transfer does not violate the terms of the trust; and
(d) The new trustee is qualified and able to administer the trust or such assets on the terms set forth in the trust.
(3) Acceptance of such transfer by a foreign corporate trustee or trust company under this section, RCW 11.98.051, or 11.98.055 shall not be construed to be doing a "trust business" as described in RCW 30.08.150(9).
[1985 c 30 § 45. Prior: 1984 c 149 § 74.]
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.
