# RCW 7.60.005: RCW 7.60.005: Definitions > Washington · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_WA_T7_C60_S005 ## Section - **Citation:** RCW 7.60.005 - **Heading:** RCW 7.60.005: Definitions - **Jurisdiction:** Washington - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Washington Code / Title 7 / Chapter 60 / Section 005 ## Text The definitions in this section apply throughout this chapter unless the context requires otherwise. (1) "Court" means the superior court of this state in which the receivership is pending. (2) "Entity" means a person other than a natural person. (3) "Estate" means the entirety of the property with respect to which a receiver's appointment applies, but does not include trust fund taxes or property of an individual person exempt from execution under the laws of this state. Estate property includes any nonexempt interest in property that is partially exempt, including fee title to property subject to a homestead exemption under chapter 6.13 RCW. (4) "Executory contract" means a contract where the obligation of both the person over whose property the receiver is appointed and the other party to the contract are so far unperformed that the failure of either party to the contract to complete performance would constitute a material breach of the contract, thereby excusing the other party's performance of the contract. (5) "Insolvent" or "insolvency" means a financial condition of a person such that the sum of the person's debts and other obligations is greater than all of that person's property, at a fair valuation, exclusive of (a) property transferred, concealed, or removed with intent to hinder, delay, or defraud any creditors of the person, and (b) any property exempt from execution under any statutes of this state. (6) "Lien" means a charge against or interest in property to secure payment of a debt or the performance of an obligation. (7) "Notice and a hearing" or any similar phrase means notice and opportunity for a hearing. (8) "Person" means an individual, corporation, limited liability company, general partnership, limited partnership, limited liability partnership, association, governmental entity, or other entity, of any kind or nature. (9) "Property" includes all right, title, and interests, both legal and equitable, and including any community property interest, in or with respect to any property of a person with respect to which a receiver is appointed, regardless of the manner by which the property has been or is acquired. "Property" includes any proceeds, products, offspring, rents, or profits of or from property in the estate. "Property" does not include any power that a person may exercise solely for the benefit of another person or trust fund taxes. (10) "Receiver" means a person appointed by the court as the court's agent, and subject to the court's direction, to take possession of, manage, or dispose of property of a person. (11) "Receivership" means the case in which the receiver is appointed. "General receivership" means a receivership in which a general receiver is appointed. "Custodial receivership" means a receivership in which a custodial receiver is appointed. (12) "Security interest" means a lien created by an agreement. (13) "State agent" and "state agency" means any office, department, division, bureau, board, commission, or other agency of the state of Washington or of any subdivision thereof, or any individual acting in an official capacity on behalf of any state agent or state agency. (14) "Utility" means a person providing any service regulated by the utilities and transportation commission. ## Nearby sections - [RCW 7.60.005 RCW 7.60.005: Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T7_C60_S005.md) - [RCW 7.60.015 RCW 7.60.015: Types of receivers.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T7_C60_S015.md) - [RCW 7.60.025 RCW 7.60.025: Appointment of receiver.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T7_C60_S025.md) - [RCW 7.60.035 RCW 7.60.035: Eligibility to serve as receiver.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T7_C60_S035.md) - [RCW 7.60.045 RCW 7.60.045: Receiver's bond.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T7_C60_S045.md) - [RCW 7.60.055 RCW 7.60.055: Powers of the court.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T7_C60_S055.md) - [RCW 7.60.060 RCW 7.60.060: Powers and duties of receiver generally.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T7_C60_S060.md) - [RCW 7.60.070 RCW 7.60.070: Turnover of property.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T7_C60_S070.md) - [RCW 7.60.090 RCW 7.60.090: Schedules of property and liabilities—Inventory of property—Appraisals.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T7_C60_S090.md) - [RCW 7.60.100 RCW 7.60.100: Receiver's reports.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T7_C60_S100.md) - [RCW 7.60.110 RCW 7.60.110: Automatic stay of certain proceedings.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T7_C60_S110.md) - [RCW 7.60.120 RCW 7.60.120: Utility service.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T7_C60_S120.md) - [RCW 7.60.160 RCW 7.60.160: Actions by and against the receiver or affecting property held by receiver.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T7_C60_S160.md) - [RCW 7.60.170 RCW 7.60.170: Personal liability of receiver.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T7_C60_S170.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WA_T7_C60_S005. Check the current official text before relying on it. Not legal advice.