Senate2023-24 session

ESSB 5801 — Concerning special deposits.

Signed into law — Chapter 23, Laws of 2024

Sponsor
Dozier
Introduced
January 11, 2024
Status
C 23 L 24
Last action
Effective date 7/1/2024. (March 13, 2024)

What this bill does

Establishes the Uniform Special Deposits Act, which establishes requirements and protections for special deposits. Establishes certain restrictions for how special deposits are handled during a creditor process. Prohibits a bank from seeking a right of recoupment or set off against a special deposit, except for specific exceptions.

From the Washington State Legislature's nonpartisan staff bill analysis. Read the full analysis ↗

Floor votes

  • House — 3rd Reading & Final Passage · February 28, 2024
    96 yea · 0 nay · 2 not voting
  • Senate — 3rd Reading & Final Passage · January 31, 2024
    47 yea · 1 nay · 1 not voting

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Other bills sponsored by Dozier

All 2023-24 Washington State bills →

Source: the Washington State Legislature. OlympiaTrack is an independent bill-tracking service and is not affiliated with the Legislature. View on leg.wa.gov ↗