Rhode Island § 18-11-6 § 18-11-6. Adverse claims.

Rhode Island Statutes

§ 18-11-6 — § 18-11-6. Adverse claims.

Rhode Island § 18-11-6

Title 18Fiduciaries

Ch. 18-11Simplification of Fiduciary Security Transfers

This text of Rhode Island § 18-11-6 (§ 18-11-6. Adverse claims.) 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 § 18-11-6 (2026).

Text

§ 18-11-6. Adverse claims.
(a) A person asserting a claim of beneficial interest adverse to the transfer of a security
            pursuant to an assignment by a fiduciary may give the corporation or transfer agent
            written notice of the claim. The corporation or transfer agent is not put on notice
            unless the written notice identifies the claimant, the registered owner, and the issue
            of which the security is a part, provides an address for communications directed to
            the claimant, and is received before the transfer. Nothing in this chapter relieves
            the corporation or transfer agent of any liability for making or refusing to make
            the transfer a

Free access — add to your briefcase to read the full text and ask questions with AI

§ 18-11-6. Adverse claims.

(a) A person asserting a claim of beneficial interest adverse to the transfer of a security pursuant to an assignment by a fiduciary may give the corporation or transfer agent written notice of the claim. The corporation or transfer agent is not put on notice unless the written notice identifies the claimant, the registered owner, and the issue of which the security is a part, provides an address for communications directed to the claimant, and is received before the transfer. Nothing in this chapter relieves the corporation or transfer agent of any liability for making or refusing to make the transfer after it is put on notice, unless it proceeds in the manner authorized in subsection (b) of this section.

(b) As soon as practicable after the presentation of a security for transfer pursuant to an assignment by a fiduciary, a corporation or transfer agent which has received notice of a claim of beneficial interest adverse to the transfer may send notice of the presentation by registered or certified mail to the claimant at the address given by the claimant. If the corporation or transfer agent mails the notice, it shall withhold the transfer for thirty (30) days after the mailing and shall then make the transfer unless restrained by a court order.