Rhode Island § 19-3.1-2.1 § 19-3.1-2.1. Permitted investments.

Rhode Island Statutes

§ 19-3.1-2.1 — § 19-3.1-2.1. Permitted investments.

Rhode Island § 19-3.1-2.1

Title 19Financial institutions

Ch. 19-3.1Trust Powers

This text of Rhode Island § 19-3.1-2.1 (§ 19-3.1-2.1. Permitted investments.) 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 § 19-3.1-2.1 (2026).

Text

§ 19-3.1-2.1. Permitted investments.
In the absence of any express provisions to the contrary, whenever any general statute,
            special act, regulation, trust indenture, will, or other instrument governing the
            investment powers of trustees directs, requires, authorizes, or permits investment
            in United States government obligations, a trustee may invest in and hold these obligations,
            either directly or in the form of interests in an investment company or investment
            trust registered under the Investment Company Act of 1940, 15 U.S.C. § 80a-1 et seq., the portfolio of which is limited to United States government obligations
            and to repurchase agreements fu

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

§ 19-3.1-2.1. Permitted investments.

In the absence of any express provisions to the contrary, whenever any general statute, special act, regulation, trust indenture, will, or other instrument governing the investment powers of trustees directs, requires, authorizes, or permits investment in United States government obligations, a trustee may invest in and hold these obligations, either directly or in the form of interests in an investment company or investment trust registered under the Investment Company Act of 1940, 15 U.S.C. § 80a-1 et seq., the portfolio of which is limited to United States government obligations and to repurchase agreements fully collateralized by these obligations, and that is rated in the top rating category of any nationally recognized rating services.