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RCW
11.100.120
Use of trust funds for life insurance.
Subject to the standards of RCW
11.100.020
, a fiduciary is authorized to use trust funds to acquire life insurance upon the life of any beneficiary or upon the life of another in whose life such beneficiary has an insurable interest.
[
1985 c 30 s 76
. Prior:
1984 c 149 s 112
;
1973 1st ex.s. c 89 s 1
. Formerly RCW
30.24.120
.]
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
.
Insurable interest, guardian, trustee or other fiduciary: RCW
48.18.030
(3)(c).