Rhode Island General Laws 44-14-16. Liability of fiduciaries
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Any receiver, liquidator, agent, trustee, assignee, conservator, or other fiduciary conducting or liquidating the business or selling the assets of any banking institution shall be subject to the provisions of and the tax imposed by this chapter in the same manner and to the same extent as if the business were being conducted or liquidated or the assets sold by the agents or officers of the banking institution.
History of Section.
P.L. 1942, ch. 1212, art. 7, § 17; G.L. 1956, § 44-14-16.
Terms Used In Rhode Island General Laws 44-14-16
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Fiduciary: A trustee, executor, or administrator.
- Trustee: A person or institution holding and administering property in trust.