(1) If a trust is a Washington trust under RCW 11.98.005, a trustee may transfer the situs of the trust to a jurisdiction other than Washington if the trust instrument so provides or in accordance with RCW 11.98.051 or 11.98.055. (2) Transfer under this section is permitted only if: (a) The transfer would facilitate the economic and convenient administration of the trust; (b) The transfer would not materially impair the interests of the qualified beneficiaries or others interested in the trust; (c) The transfer does not violate the terms of the trust; (d) The new trustee is qualified and able to administer the trust or such assets on the terms set forth in the trust; and (e) The trust meets at least one condition for situs listed in RCW 11.98.005(1) with respect to the new jurisdiction. (3) Acceptance of such transfer by a foreign corporate trustee or trust company under this section or RCW 11.98.051 or 11.98.055 may not be construed to be doing a "trust business" as described in *RCW 30.08.150(9).
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