Rhode Island § 19-3.1-3 § 19-3.1-3. Financial institution acting as fiduciary.

Rhode Island Statutes

§ 19-3.1-3 — § 19-3.1-3. Financial institution acting as fiduciary.

Rhode Island § 19-3.1-3

Title 19Financial institutions

Ch. 19-3.1Trust Powers

This text of Rhode Island § 19-3.1-3 (§ 19-3.1-3. Financial institution acting as fiduciary.) 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 § 19-3.1-3 (2026).

Text

§ 19-3.1-3. Financial institution acting as fiduciary.
A financial institution subject to this chapter shall also have power to accept and
            execute all of these trusts, and to hold in trust all property, of every description,
            as may be committed to it by any person or persons, or by any corporation, or by any
            court of this state or of the United States; and also to accept and execute the office
            and appointment of executors, administrators, custodians, conservators, guardians
            of estates, assignees, or receivers of any kind or nature whatever, whether that office
            or appointment be conferred or made by any person or persons, or by any court of probate
 

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§ 19-3.1-3. Financial institution acting as fiduciary.

A financial institution subject to this chapter shall also have power to accept and execute all of these trusts, and to hold in trust all property, of every description, as may be committed to it by any person or persons, or by any corporation, or by any court of this state or of the United States; and also to accept and execute the office and appointment of executors, administrators, custodians, conservators, guardians of estates, assignees, or receivers of any kind or nature whatever, whether that office or appointment be conferred or made by any person or persons, or by any court of probate or other court; and any court of probate in this state is hereby empowered, in its discretion, to appoint the financial institution as executor, administrator, custodian, conservator and guardian of the estate of any person within its jurisdiction, subject however, to the provisions of § 33-8-8, and provided, that the financial institution may, upon the petition of the surviving spouse, be appointed administrator or custodian upon the estate of a spouse dying intestate; provided, further, that the financial institution shall not be authorized to act in any of the foregoing offices until its acceptance in writing of the appointment shall be filed and recorded in the probate court in which the appointment shall be made.