Rhode Island § 18-4-15 § 18-4-15. Definitions.

Rhode Island Statutes

§ 18-4-15 — § 18-4-15. Definitions.

Rhode Island § 18-4-15

Title 18Fiduciaries

Ch. 18-4Powers of Fiduciaries

This text of Rhode Island § 18-4-15 (§ 18-4-15. Definitions.) 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 § 18-4-15 (2026).

Text

§ 18-4-15. Definitions.
(a) In §§ 18-4-16 — 18-4-21, unless the context or subject matter otherwise requires:
         
(1) "Bankâ€� includes any person or association of persons, whether incorporated or not,
            carrying on the business of banking.
         
(2) "Fiduciaryâ€� includes a trustee under any trust, expressed, implied, resulting, or
            constructive, executor, administrator, guardian, conservator, curator, receiver, trustee
            in bankruptcy, assignee for the benefit of creditors, partner, agent, officer of a
            corporation, public or private, public officer, or any other person acting in a 

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§ 18-4-15. Definitions.

(a) In §§ 18-4-16 — 18-4-21, unless the context or subject matter otherwise requires:

(1) "Bankâ€� includes any person or association of persons, whether incorporated or not, carrying on the business of banking.

(2) "Fiduciaryâ€� includes a trustee under any trust, expressed, implied, resulting, or constructive, executor, administrator, guardian, conservator, curator, receiver, trustee in bankruptcy, assignee for the benefit of creditors, partner, agent, officer of a corporation, public or private, public officer, or any other person acting in a fiduciary capacity for any person, trust, or estate.

(3) "Personâ€� includes a corporation, partnership, or other association, or two (2) or more persons having a joint or common interest.

(4) "Principalâ€� includes any person to whom a fiduciary owes an obligation.

(b) A thing is done "in good faithâ€�, within the meaning of §§ 18-4-16 — 18-4-21, when it is in fact done honestly, whether it is done negligently or not.