Rhode Island § 42-116-36 § 42-116-36. Recording certain transfer documents.

Rhode Island Statutes

§ 42-116-36 — § 42-116-36. Recording certain transfer documents.

Rhode Island § 42-116-36

Title 42State Affairs and Government

Ch. 42-116Rhode Island Depositors Economic Protection Corporation

This text of Rhode Island § 42-116-36 (§ 42-116-36. Recording certain transfer documents.) 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 § 42-116-36 (2026).

Text

§ 42-116-36. Recording certain transfer documents.
If the corporation receives or makes an assignment, conveyance or other transfer of
            commercial paper consisting of negotiable or non-negotiable instruments or contracts
            that are secured by any mortgage, assignment of rents, profits, or income of real
            estate, security interests in fixtures or personal property or other instruments or
            documents that provide collateral security for the commercial paper, the officer responsible
            for the recording of deeds or other instruments in the records of each city or town
            where the original instruments or documents that granted the collateral security were
        

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§ 42-116-36. Recording certain transfer documents.

If the corporation receives or makes an assignment, conveyance or other transfer of commercial paper consisting of negotiable or non-negotiable instruments or contracts that are secured by any mortgage, assignment of rents, profits, or income of real estate, security interests in fixtures or personal property or other instruments or documents that provide collateral security for the commercial paper, the officer responsible for the recording of deeds or other instruments in the records of each city or town where the original instruments or documents that granted the collateral security were recorded shall accept for recording a duly executed and acknowledged general assignment, conveyance, or other transfer from or to the corporation which identifies the transferor and the transferee without requiring a separate document or instrument to be recorded to evidence the transfer, conveyance, or assignment of each individual item of collateral security or a reference to the book and page where each recorded instrument affected by the transfer was recorded. The general assignment, conveyance, or transfer shall be constructive notice to all persons of the assignment, conveyance, or transfer to or from the corporation.