Rhode Island § 18-11-3 § 18-11-3. Registration in the name of a fiduciary.

Rhode Island Statutes

§ 18-11-3 — § 18-11-3. Registration in the name of a fiduciary.

Rhode Island § 18-11-3

Title 18Fiduciaries

Ch. 18-11Simplification of Fiduciary Security Transfers

This text of Rhode Island § 18-11-3 (§ 18-11-3. Registration in the name of a fiduciary.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 18-11-3 (2026).

Text

§ 18-11-3. Registration in the name of a fiduciary.
A corporation or transfer agent registering a security in the name of a person who
            is a fiduciary or who is described as a fiduciary is not bound to inquire into the
            existence, extent, or correct description of the fiduciary relationship, and thereafter,
            the corporation and its transfer agent may assume without inquiry that the newly registered
            owner continues to be the fiduciary until the corporation or transfer agent receives
            written notice that the fiduciary is no longer acting as a fiduciary with respect
            to that particular security.
         

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§ 18-11-3. Registration in the name of a fiduciary.

A corporation or transfer agent registering a security in the name of a person who is a fiduciary or who is described as a fiduciary is not bound to inquire into the existence, extent, or correct description of the fiduciary relationship, and thereafter, the corporation and its transfer agent may assume without inquiry that the newly registered owner continues to be the fiduciary until the corporation or transfer agent receives written notice that the fiduciary is no longer acting as a fiduciary with respect to that particular security.