Rhode Island § 18-9-15 § 18-9-15. Institutions and contingent trusts exempt.

Rhode Island Statutes

§ 18-9-15 — § 18-9-15. Institutions and contingent trusts exempt.

Rhode Island·Title 18 Fiduciaries·Ch. 18-9 Charitable Trusts

§ 18-9-15. Institutions and contingent trusts exempt.
The provisions of this chapter shall not be applicable to charitable, religious, and
            educational institutions holding funds in trust exclusively for their own charter
            or corporate purposes nor to trusts in which the charitable interest is contingent
            upon the happening of an uncertain future event; provided, that upon the happening
            of the event vesting the charitable interest, the trust shall thereafter be subject
            to all the provisions of this chapter.
         

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§ 18-9-15. Institutions and contingent trusts exempt.

The provisions of this chapter shall not be applicable to charitable, religious, and educational institutions holding funds in trust exclusively for their own charter or corporate purposes nor to trusts in which the charitable interest is contingent upon the happening of an uncertain future event; provided, that upon the happening of the event vesting the charitable interest, the trust shall thereafter be subject to all the provisions of this chapter.

Rhode Island § 18-9-15 (§ 18-9-15. Institutions and contingent trusts exempt.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.