WA People
BILL · 2023–24 SESSION · LATEST VERSION ESSB 5801

SB 5801: Special deposits

Concerning special deposits.

Summary

  • 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 Engrossed Substitute House Bill Report (ESSB 5801), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 23, Laws of 2024
  1. IntroducedJan 8, 2024
  2. Out of committeeJan 15, 2024
  3. Passed SenateJan 31, 2024
  4. Passed HouseFeb 28, 2024
  5. GovernorMar 13, 2024
  6. LawMar 13, 2024
Prime sponsor
Perry Dozier (R-16)
Introduced
January 8, 2024 in the Senate
Last action
March 13, 2024
Session law
Chapter 23, Laws of 2024
Requested by
Other
Versions
SB 5801, ESSB 5801

AN ACT Relating to the uniform special deposits act;

Sponsors

Prime sponsor: Perry Dozier (R-16)

4 co-sponsors (3 Democrats, 1 Republican)

Jamie Pedersen D-43Senator D-22Mark Mullet D-5Jeff Wilson R-19

Votes

Senate · 3rd Reading & Final Passage

Passed January 31, 2024
Version voted on: ESSB 5801
47 Yea 1 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat28100
Republican19001
How each member voted

Yea (47)

Nay (1)

Excused (1)

Permalink to this vote

House · 3rd Reading & Final Passage

Passed February 28, 2024
Version voted on: ESSB 5801
96 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat57001
Republican39001
How each member voted

Yea (96)

Excused (2)

Permalink to this vote

History

  1. Effective date 7/1/2024. (ESSB 5801)
  2. Chapter 23, 2024 Laws. (ESSB 5801)
  3. Governor signed. (ESSB 5801)
  4. Delivered to Governor. (ESSB 5801)
  5. President signed. (ESSB 5801)
  6. Speaker signed. (ESSB 5801)
  7. Third reading, passed; yeas, 96; nays, 0; absent, 0; excused, 2. (ESSB 5801)
  8. Rules suspended. Placed on Third Reading. (ESSB 5801)
  9. Rules Committee relieved of further consideration. Placed on second reading. (ESSB 5801)
  10. Referred to Rules 2 Review. (ESSB 5801)
  11. CPB - Majority; do pass. (ESSB 5801)
  12. CPB - Executive action taken by committee. (ESSB 5801)
  13. First reading, referred to Consumer Protection & Business. (ESSB 5801)
  14. Third reading, passed; yeas, 47; nays, 1; absent, 0; excused, 1. (ESSB 5801)
  15. Rules suspended. Placed on Third Reading. (ESSB 5801)
  16. Floor amendment(s) adopted. (ESSB 5801)
  17. 1st substitute bill substituted. (ESSB 5801)
  18. 1st substitute bill substituted.
  19. Placed on second reading by Rules Committee. (ESSB 5801)
  20. Placed on second reading by Rules Committee.
  21. Passed to Rules Committee for second reading. (ESSB 5801)
  22. Passed to Rules Committee for second reading.
  23. BFGT - Majority; 1st substitute bill be substituted, do pass. (ESSB 5801)
  24. Minority; without recommendation. (ESSB 5801)
  25. Minority; without recommendation.
  26. BFGT - Majority; 1st substitute bill be substituted, do pass.
  27. First reading, referred to Business, Financial Services, Gaming & Trade.
  28. Prefiled for introduction.

SB 5801 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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