Rhode Island General Laws 33-18-29. Deposit of unclaimed funds in court – Payment by court
If money, which a decree of a probate court has ordered to be paid over, remains for six (6) months unclaimed, the executor, administrator, or guardian who was ordered to pay over the money may deposit it in the registry of the probate court to accumulate for the benefit of the person entitled to the money. The person making the deposit shall take the receipt of the probate court for the money, and then shall be discharged from all liability as to the money. When the person entitled to the money deposited satisfies the probate court of his or her right to receive the same, the court shall cause it to be paid over and transferred to him or her, with all accumulations of money.
History of Section.
C.P.A. 1905, § 1009; G.L. 1909, ch. 319, § 15; G.L. 1923, ch. 370, § 15; G.L. 1938, ch. 579, § 31; G.L. 1956, § 33-18-29.
Terms Used In Rhode Island General Laws 33-18-29
- Executor: A male person named in a will to carry out the decedent
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
- Probate: Proving a will