§ 18-1-1 Law expressly applicable when property is within state
§ 18-1-2 Law expressly applicable when trustees are within state
§ 18-1-3 Law expressly applicable to trusts created by residents
§ 18-1-4 Prior trusts unaffected
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Terms Used In Rhode Island General Laws > Chapter 18-1 - Application of Laws to Trusts

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
  • person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
  • Personal property: All property that is not real property.
  • Trustee: A person or institution holding and administering property in trust.
  • United States: include the several states and the territories of the United States. See Rhode Island General Laws 43-3-8