Requirements for special deposit.

RCW 30A.26.040
in effect
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A deposit is a special deposit if it is: (1) A deposit of funds in a bank under an account agreement; (2) For the benefit of at least two beneficiaries, one or more of which may be a depositor; (3) Denominated in a medium of exchange that is currently authorized or adopted by a domestic or foreign government; (4) For a permissible purpose stated in the account agreement; and (5) Subject to a contingency. A deposit is a special deposit if it is: (1) A deposit of funds in a bank under an account agreement; (2) For the benefit of at least two beneficiaries, one or more of which may be a depositor; (3) Denominated in a medium of exchange that is currently authorized or adopted by a domestic or foreign government; (4) For a permissible purpose stated in the account agreement; and (5) Subject to a contingency.
Source: WA Statutes (Official Site)URL: https://app.leg.wa.gov/RCW/default.aspx?cite=30A.26&full=trueFetched: 6/29/2026

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