ESSB 5801: Concerning special deposits.
Signed into law: Chapter 23, Laws of 2024
- Sponsor
- Dozier
- Introduced
- January 8, 2024
- Status
- C 23 L 24
- Last action
- Effective date 7/1/2024. (March 13, 2024)
- As of
- August 18, 2026, 2:03 AM Pacific, from the Legislature’s records
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, 202496 yea · 0 nay · 2 not voting
- Senate: 3rd Reading & Final Passage · January 31, 202447 yea · 1 nay · 1 not voting
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Source: the Washington State Legislature. OlympiaTrack is an independent bill-tracking service and is not affiliated with the Legislature. View on leg.wa.gov ↗