S-1303.1
SUBSTITUTE SENATE BILL 5316
State of Washington
69th Legislature
2025 Regular Session
By Senate Ways & Means (originally sponsored by Senators Harris, Hasegawa, Krishnadasan, and Nobles; by request of Department of Revenue)
READ FIRST TIME 02/10/25.
AN ACT Relating to modifying provisions of the revised uniform unclaimed property act by clarifying the abandonment period and reporting procedures for prearrangement funeral service contracts trusts, modifying holder reporting requirements, modifying owner notification requirements, and making other changes not estimated to impact revenue; amending RCW 18.39.370 , 63.30.010 , 63.30.040 , 63.30.050 , 63.30.090 , 63.30.120 , 63.30.230 , 63.30.240 , 63.30.280 , 63.30.300 , 63.30.330 , 63.30.340 , 63.30.360 , 63.30.410 , 63.30.420 , 63.30.460 , 63.30.550 , 63.30.650 , 63.30.680 , 63.30.690 , 63.30.730 , 63.30.740 , 63.30.790 , and 63.30.820 ; adding a new section to chapter 63.30 RCW; creating new sections; repealing RCW 63.30.670 ; and providing an effective date.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1. RCW 18.39.370 and 1989 c 390 s 13 are each amended to read as follows:
Any trust (( which )) created under this chapter that has not matured or has not been refunded as provided in RCW 18.39.250 and for which no beneficiary of the prearrangement funeral service contract can be located (( fifty years after its creation shall )) within the time specified by section 2 of this act must be (( considered abandoned and will be handled in accordance with the escheat laws of )) transferred to the state (( of Washington )) as unclaimed property under chapter 63.30 RCW .