Rhode Island § 18-13-4 § 18-13-4. Form and effect of receipt and acceptance by custodial trustee — Jurisdiction.

Rhode Island Statutes

§ 18-13-4 — § 18-13-4. Form and effect of receipt and acceptance by custodial trustee — Jurisdiction.

Rhode Island § 18-13-4

Title 18Fiduciaries

Ch. 18-13Rhode Island Uniform Custodial Trust Act

This text of Rhode Island § 18-13-4 (§ 18-13-4. Form and effect of receipt and acceptance by custodial trustee — Jurisdiction.) 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 § 18-13-4 (2026).

Text

§ 18-13-4. Form and effect of receipt and acceptance by custodial trustee — Jurisdiction.
(a) Obligations of a custodial trustee, including the obligation to follow directions
            of the beneficiary, arise under this chapter upon the custodial trustee's acceptance,
            express or implied, of the custodial trust property.
         
(b) The custodial trustee's acceptance may be evidenced by a writing stating in substance:
         

CUSTODIAL TRUSTEE'S RECEIPT AND ACCEPTANCE

I, _______________________________________ , (name of custodial trustee) acknowledge receipt of the custodial trust property
                  described below or
Free access — add to your briefcase to read the full text and ask questions with AI

§ 18-13-4. Form and effect of receipt and acceptance by custodial trustee — Jurisdiction.

(a) Obligations of a custodial trustee, including the obligation to follow directions of the beneficiary, arise under this chapter upon the custodial trustee's acceptance, express or implied, of the custodial trust property.

(b) The custodial trustee's acceptance may be evidenced by a writing stating in substance:

CUSTODIAL TRUSTEE'S RECEIPT AND ACCEPTANCE

I, _______________________________________ , (name of custodial trustee) acknowledge receipt of the custodial trust property described below or in the attached instrument and accept the custodial trust as custodial trustee for _______________________________________ (name of beneficiary) under the Rhode Island Uniform Custodial Trust Act. I undertake to administer and distribute the custodial trust property pursuant to the Rhode Island Uniform Custodial Trust Act. My obligations as custodial trustee are subject to the directions of the beneficiary unless the beneficiary is designated as, is, or becomes incapacitated. The custodial trust property consists of ___________

Dated: _______________________________________
(Signature of Custodial Trustee)

(c) Upon accepting custodial trust property, a person designated as custodial trustee under this chapter is subject to personal jurisdiction of the court with respect to any matter relating to the custodial trust.