reglab/housing_qa huggingface dataset:
RI Gen L § 18-5-2 (2021)
2021 Rhode Island General Laws|Title 18 - Fiduciaries|Chapter 18-5 - Common Trust Funds|Section 18-5-2 - Definitions.

§ 18-5-2. Definitions.(a) As used in this chapter, "affiliate" of a trust company or national banking association means a member of an affiliated group connected through stock ownership with a common parent corporation which directly or indirectly owns stock possessing at least eighty percent (80%) of the total voting power and at least eighty percent (80%) of the total value of stock of each member of the affiliated group other than the common parent corporation.(b) "Common trust fund" means a fund maintained by a bank or trust company exclusively for the collective investment and reinvestment of money contributed to the fund by the bank or trust company in its capacity as a trustee, executor, administrator, or guardian, or as a cotrustee, coexecutor, coadministrator, or coguardian.History of Section.P.L. 1956, ch. 3839, § 2; G.L. 1956, § 18-5-2; P.L. 1963, ch. 123, § 1; P.L. 1988, ch. 306, § 1.
RI Gen L § 18-5-3 (2021)
2021 Rhode Island General Laws|Title 18 - Fiduciaries|Chapter 18-5 - Common Trust Funds|Section 18-5-3 - Property tax on assets.

§ 18-5-3. Property tax on assets.Real estate and tangible personal property constituting assets of a common trust fund shall be taxed to the owner of the assets in the same manner as otherwise required by law.History of Section.P.L. 1956, ch. 3839, § 3; G.L. 1956, § 18-5-3.
RI Gen L § 18-5-4 (2021)
2021 Rhode Island General Laws|Title 18 - Fiduciaries|Chapter 18-5 - Common Trust Funds|Section 18-5-4 - Exemption of funds from taxation generally.

§ 18-5-4. Exemption of funds from taxation generally.Except as provided in § 18-5-3, no common trust fund nor any asset of the fund, nor any trust company or national banking association by reason of its ownership or operation of the fund or asset, shall be subject to any tax now or subsequently levied, assessed, or imposed by the state of Rhode Island, or by any city, town, or other political subdivision of the state.History of Section.P.L. 1956, ch. 3839, § 3; G.L. 1956, § 18-5-4; P.L. 1969, ch. 197, art. 7, § 2.
RI Gen L § 18-5-5 (2021)
2021 Rhode Island General Laws|Title 18 - Fiduciaries|Chapter 18-5 - Common Trust Funds|Section 18-5-5 - Repealed.

§ 18-5-5. Repealed.History of Section.P.L. 1956, ch. 3839, § 3; Repealed by P.L. 1969, ch. 197, art. 7, § 3.
RI Gen L § 18-5-6 (2021)
2021 Rhode Island General Laws|Title 18 - Fiduciaries|Chapter 18-5 - Common Trust Funds|Section 18-5-6 - Relationships to which chapter applicable.

§ 18-5-6. Relationships to which chapter applicable.This chapter shall apply to fiduciary relationships in existence on May 2, 1956, or thereafter established.History of Section.P.L. 1956, ch. 3839, § 5; G.L. 1956, § 18-5-6.
RI Gen L § 18-5-7 (2021)
2021 Rhode Island General Laws|Title 18 - Fiduciaries|Chapter 18-5 - Common Trust Funds|Section 18-5-7 - Severability.

§ 18-5-7. Severability.This chapter is declared to be severable, and should any provision of this chapter or its application to any person or circumstances be held invalid, the invalidity shall not affect the other provisions or applications of the chapter which can be given effect without the invalid provision or application.History of Section.P.L. 1956, ch. 3839, § 4; G.L. 1956, § 18-5-7.
RI Gen L § 18-6-1 (2021)
2021 Rhode Island General Laws|Title 18 - Fiduciaries|Chapter 18-6 - Accounting|Section 18-6-1 - Compensation and expenses of trustee.

§ 18-6-1. Compensation and expenses of trustee.Every trustee under any trust instrument, whether previously or subsequently made, shall be entitled to reasonable expenses and costs incurred in the execution of the trust, and also reasonable compensation for services rendered as trustee, which expenses, costs, and compensation may be charged annually or from time to time and may be equitably apportioned between principal and income in a manner that the trustee shall determine.History of Section.G.L. 1938, ch. 486, § 26; P.L. 1956, ch. 3838, § 1; G.L. 1956, § 18-6-1.
RI Gen L § 18-6-2 (2021)
2021 Rhode Island General Laws|Title 18 - Fiduciaries|Chapter 18-6 - Accounting|Section 18-6-2 - Discharge of trustee by payment into court.

§ 18-6-2. Discharge of trustee by payment into court.(a) Whenever a trustee holds any sum of money, or any bond, note, or other obligation for money, or evidence of indebtedness, or any certificate of stock or other chose in action, payable or deliverable to, or the property of, another, and the person entitled to it cannot, for any reason, give proper receipt or discharge for it, and the trustee holding the money or property desires to free himself or herself from further liability for it, the trustee may pay or deliver the money or property into the registry of the superior court, presenting with it his or her petition praying to be discharged, and setting out, under oath, to the best of the knowledge, information, and belief of the affiant, the circumstances under which the trustee holds the money or property, and how the other person or persons is or are entitled to it, and why the trustee or they cannot give proper receipt or discharge for the money or property; and upon the filing of the petition, notice of it shall be given in the manner that the court shall direct.(b) The court shall take any proceedings in respect of the money or property that it deems best.(c) The costs and expenses, including expenses and counsel fees of the trustee, as between solicitor and client, as allowed by the court or by one of the justices of the court, shall be paid or retained accordingly out of the money or property.(d) When any person entitled to the money or property paid or deposited in the registry appears and satisfies the court as to his or her right to the money or property, it shall be paid or delivered over to that person as the court shall direct.History of Section.G.L. 1896, ch. 208, § 23; C.P.A. 1905, § 1147; G.L. 1909, ch. 259, § 23; G.L. 1923, ch. 303, § 23; G.L. 1938, ch. 486, § 19; G.L. 1956, § 18-6-2.
RI Gen L § 18-6-3 (2021)
2021 Rhode Island General Laws|Title 18 - Fiduciaries|Chapter 18-6 - Accounting|Section 18-6-3 - Application for allowance of accounts.

§ 18-6-3. Application for allowance of accounts.A trustee may apply to the superior court for the allowance of his or her account or accounts.History of Section.G.L. 1938, ch. 486, § 25; P.L. 1942, ch. 1144, § 1; G.L. 1956, § 18-6-3; R.P.L. 1957, ch. 82, § 1.
RI Gen L § 18-6-4 (2021)
2021 Rhode Island General Laws|Title 18 - Fiduciaries|Chapter 18-6 - Accounting|Section 18-6-4 - Notice - Guardian ad litem.

§ 18-6-4. Notice — Guardian ad litem.(a) Upon the application, notice in any form that the court may order shall be given by delivering or mailing by registered or certified mail, return receipt requested, a copy of the notice to the attorney general if there are public charitable interests, and to all persons to or for whom income has been paid or accumulated during the period covered by the account, and to those persons who, during that period, have received or were entitled to receive or in the discretion of the trustee might have received principal, and to all persons who, at the time of the mailing or delivery of the copy of the notice, in default of any appointment or otherwise, would be entitled to share in the income or principal if an existing tenancy for life or for years had then terminated or the trust estate were then distributable in whole or in part, and to the executor or administrator of any deceased persons entitled to notice or to those in being who have succeeded to the interest of the deceased person, and to other persons who are or may become interested and who shall have filed with the accountant a request in writing for notice of proceedings on accounts, and any additional notice that the court may order shall be given by publication, unless all persons interested receive actual notice.(b) The written assent to an account, or the waiver in writing of notice of it by a person interested or by his or her guardian or legal representative, shall be deemed equivalent to notice.(c) If there are other persons interested to whom notice has not been given by delivery of registered or certified mail, or if the interests of persons unborn, unascertained, or legally incompetent to act in their own behalf are not represented except by the accountant, the court shall appoint as guardian ad litem a competent and disinterested person to represent these interests and persons, and the guardian ad litem shall, without further notice or action by the court, also represent with respect to the account all interested persons who may be born after the date of his or her appointment.(d) It shall not be necessary, unless the court orders, to designate by name persons represented by the guardian ad litem, other than those who are entitled to notice by delivery of registered or certified mailing.(e) The guardian ad litem appointed by the court shall be entitled to any reasonable compensation that the court shall allow, which shall be charged to income and/or principal as the court directs.History of Section.G.L. 1938, ch. 486, § 25; P.L. 1942, ch. 1144, § 1; G.L. 1956, § 18-6-4; R.P.L. 1957, ch. 82, § 1; P.L. 1972, ch. 266, § 1.
RI Gen L § 18-6-5 (2021)
2021 Rhode Island General Laws|Title 18 - Fiduciaries|Chapter 18-6 - Accounting|Section 18-6-5 - Notice to minor under age of fourteen (14) years.

§ 18-6-5. Notice to minor under age of fourteen (14) years.In the case of a minor entitled to notice by delivery or mailing under this chapter, who is under the age of fourteen (14) at the date of the notice, the copy of the notice may be delivered or mailed to the legal or natural guardian of the minor, or if the court directs, to some other person in his or her behalf.History of Section.R.P.L. 1957, ch. 82, § 1; P.L. 1972, ch. 266, § 1.
RI Gen L § 18-6-6 (2021)
2021 Rhode Island General Laws|Title 18 - Fiduciaries|Chapter 18-6 - Accounting|Section 18-6-6 - Allowance or disallowance of accounts.

§ 18-6-6. Allowance or disallowance of accounts.Upon the hearing, the court may allow or disallow the account or accounts in whole or in part and may make any orders and decrees in relation to the account or accounts that justice may require, and after a final decree has been entered on any account under this section, it shall not be impeached except for fraud or manifest error.History of Section.G.L. 1938, ch. 486, § 25; P.L. 1942, ch. 1144, § 1; G.L. 1956, § 18-6-6; R.P.L. 1957, ch. 82, § 1.
RI Gen L § 18-6-7 (2021)
2021 Rhode Island General Laws|Title 18 - Fiduciaries|Chapter 18-6 - Accounting|Section 18-6-7 - Account of common trust fund.

§ 18-6-7. Account of common trust fund.In any proceeding for the allowance of an account of a common trust fund, the provisions of §§ 18-6-4 and 18-6-5, as to the persons entitled to and the manner of giving notice, shall apply as if the account was an account for each of the participating trusts in the common trust fund.History of Section.R.P.L. 1957, ch. 82, § 1.
RI Gen L § 18-7-1 (2021)
2021 Rhode Island General Laws|Title 18 - Fiduciaries|Chapter 18-7 - Uniform Transfers to Minors Act|Section 18-7-1 - Short title.

§ 18-7-1. Short title.This chapter may be cited as the "Rhode Island Uniform Transfers to Minors Act".History of Section.P.L. 1985, ch. 389, § 2.
RI Gen L § 18-7-2 (2021)
2021 Rhode Island General Laws|Title 18 - Fiduciaries|Chapter 18-7 - Uniform Transfers to Minors Act|Section 18-7-2 - Definitions.

§ 18-7-2. Definitions.In this chapter, unless the context otherwise requires:(1) "Adult" means an individual who has attained the age of twenty-one (21) years.(2) "Benefit plan" means an employer's plan for the benefit of an employee or partner.(3) "Broker" means a person lawfully engaged in the business of effecting transactions in securities or commodities for the person's own account or for the account of others.(4) "Conservator" means a person appointed or qualified by a court to act as general, limited, or temporary guardian of a minor's property or a person legally authorized to perform substantially the same functions.(5) "Court" means probate court.(6) "Custodial property" means:(i) Any interest in property transferred to a custodian under this chapter; and(ii) The income from and proceeds of that interest in property.(7) "Custodian" means a person designated under § 18-7-10 or a successor or substitute custodian designated under § 18-7-19.(8) "Financial institution" means a bank, trust company, savings institution, or credit union, chartered and supervised under state or federal law.(9) "Legal representative" means an individual's personal representative or conservator.(10) "Member of the minor's family" means the minor's parent, stepparent, spouse, grandparent, brother, sister, uncle, or aunt, whether of the whole or half blood or by adoption.(11) "Minor" means an individual who has not attained the age of twenty-one (21) years.(12) "Person" means an individual, corporation, organization, or other legal entity.(13) "Personal representative" means an executor, administrator, successor personal representative, or special administrator of a decedent's estate or a person legally authorized to perform substantially the same functions.(14) "State" includes any state of the United States, the District of Columbia, the commonwealth of Puerto Rico, and any territory or possession subject to the legislative authority of the United States.(15) "Transfer" means a transaction that creates custodial property under § 18-7-10.(16) "Transferor" means a person who makes a transfer under this chapter.(17) "Trust company" means a financial institution, corporation, or other legal entity, authorized to exercise general trust powers.History of Section.P.L. 1985, ch. 389, § 2; P.L. 1998, ch. 474, § 1.
RI Gen L § 18-7-3 (2021)
2021 Rhode Island General Laws|Title 18 - Fiduciaries|Chapter 18-7 - Uniform Transfers to Minors Act|Section 18-7-3 - Scope and jurisdiction.

§ 18-7-3. Scope and jurisdiction.(a) This chapter applies to a transfer that refers to this chapter in the designation under § 18-7-10(a) by which the transfer is made if at the time of the transfer, the transferor, the minor, or the custodian is a resident of this state or the custodial property is located in this state. The custodianship so created remains subject to this chapter despite a subsequent change in residence of a transferor, the minor, or the custodian, or the removal of custodial property from this state.(b) A person designated as custodian under this chapter is subject to personal jurisdiction in this state with respect to any matter relating to the custodianship.(c) A transfer that purports to be made and which is valid under the Uniform Transfers to Minors Act, the Uniform Gifts to Minors Act, or a substantially similar act of another state is governed by the law of the designated state and may be executed and is enforceable in this state if, at the time of the transfer, the transferor, the minor, or the custodian is a resident of the designated state or the custodial property is located in the designated state.History of Section.P.L. 1985, ch. 389, § 2.
RI Gen L § 18-7-4 (2021)
2021 Rhode Island General Laws|Title 18 - Fiduciaries|Chapter 18-7 - Uniform Transfers to Minors Act|Section 18-7-4 - Nomination of custodian.

§ 18-7-4. Nomination of custodian.(a) A person having the right to designate the recipient of property transferable upon the occurrence of a future event may revocably nominate a custodian to receive the property for a minor beneficiary upon the occurrence of the event by naming the custodian followed in substance by the words: "as custodian for (name of minor) under the Rhode Island Uniform Transfers to Minors Act, chapter 7 of title 18." The nomination may name one or more persons as substitute custodians to whom the property must be transferred, in the order named, if the first nominated custodian dies before the transfer or is unable, declines, or is ineligible to serve. The nomination may be made in a will, a trust, a deed, an instrument exercising a power of appointment, or in a writing designating a beneficiary of contractual rights which is registered with or delivered to the payor, issuer, or other obligor of the contractual rights.(b) A custodian nominated under this section must be a person to whom a transfer of property of that kind may be made under § 18-7-10(a).(c) The nomination of a custodian under this section does not create custodial property until the nominating instrument becomes irrevocable or a transfer to the nominated custodian is completed under § 18-7-10. Unless the nomination of a custodian has been revoked, upon the occurrence of the future event the custodianship becomes effective and the custodian shall enforce a transfer of the custodial property pursuant to § 18-7-10.History of Section.P.L. 1985, ch. 389, § 2.
RI Gen L § 18-7-5 (2021)
2021 Rhode Island General Laws|Title 18 - Fiduciaries|Chapter 18-7 - Uniform Transfers to Minors Act|Section 18-7-5 - Transfer by gift or exercise of power of appointment.

§ 18-7-5. Transfer by gift or exercise of power of appointment.A person may make a transfer by irrevocable gift to, or by the irrevocable exercise of a power of appointment in favor of, a custodian for the benefit of a minor pursuant to § 18-7-10.History of Section.P.L. 1985, ch. 389, § 2.
RI Gen L § 18-7-6 (2021)
2021 Rhode Island General Laws|Title 18 - Fiduciaries|Chapter 18-7 - Uniform Transfers to Minors Act|Section 18-7-6 - Transfer authorized by will or trust.

§ 18-7-6. Transfer authorized by will or trust.(a) A personal representative or trustee may make an irrevocable transfer pursuant to § 18-7-10 to a custodian for the benefit of a minor as authorized in the governing will or trust.(b) If the testator or settlor has nominated a custodian under § 18-7-4 to receive the custodial property, the transfer must be made to that person.(c) If the testator or settlor has not nominated a custodian under § 18-7-4 or all persons nominated as custodian die before the transfer or are unable, decline, or are ineligible to serve, the personal representative or the trustee, as the case may be, shall designate the custodian from among those eligible to serve as custodian for property of that kind under § 18-7-10(a).History of Section.P.L. 1985, ch. 389, § 2.
RI Gen L § 18-7-7 (2021)
2021 Rhode Island General Laws|Title 18 - Fiduciaries|Chapter 18-7 - Uniform Transfers to Minors Act|Section 18-7-7 - Other transfer by fiduciary.

§ 18-7-7. Other transfer by fiduciary.(a) Subject to subsection (c) of this section, a personal representative or trustee may make an irrevocable transfer to another adult or trust company as custodian for the benefit of a minor pursuant to § 18-7-10, in the absence of a will or under a will or trust that does not contain an authorization to do so.(b) Subject to subsection (c) of this section, a conservator may make an irrevocable transfer to another adult or trust company as custodian for the benefit of the minor pursuant to § 18-7-10.(c) A transfer under subsection (a) or (b) of this section may be made only if:(1) The personal representative, trustee, or conservator considers the transfer to be in the best interest of the minor;(2) The transfer is not prohibited by or inconsistent with provisions of the applicable will, trust agreement, or other governing instrument; and(3) The transfer is authorized by the court if it exceeds ten thousand dollars ($10,000) in value.History of Section.P.L. 1985, ch. 389, § 2.
RI Gen L § 18-7-8 (2021)
2021 Rhode Island General Laws|Title 18 - Fiduciaries|Chapter 18-7 - Uniform Transfers to Minors Act|Section 18-7-8 - Transfer by obligor.

§ 18-7-8. Transfer by obligor.(a) Subject to subsections (b) and (c) of this section, a person not subject to § 18-7-6 or 18-7-7, who holds property of or owes a liquidated debt to a minor not having a conservator, may make an irrevocable transfer to a custodian for the benefit of the minor pursuant to § 18-7-10.(b) If a person having the right to do so under § 18-7-4 has nominated a custodian under that section to receive the custodial property, the transfer must be made to that person.(c) If no custodian has been nominated under § 18-7-4, or all persons nominated as custodian die before the transfer or are unable, decline, or are ineligible to serve, a transfer under this section may be made to an adult member of the minor's family or to a trust company unless the property exceeds ten thousand dollars ($10,000) in value.History of Section.P.L. 1985, ch. 389, § 2.
RI Gen L § 18-7-9 (2021)
2021 Rhode Island General Laws|Title 18 - Fiduciaries|Chapter 18-7 - Uniform Transfers to Minors Act|Section 18-7-9 - Receipt for custodial property.

§ 18-7-9. Receipt for custodial property.A written acknowledgment of delivery by a custodian constitutes a sufficient receipt and discharge for custodial property transferred to the custodian pursuant to this chapter.History of Section.P.L. 1985, ch. 389, § 2.
RI Gen L § 18-7-11 (2021)
2021 Rhode Island General Laws|Title 18 - Fiduciaries|Chapter 18-7 - Uniform Transfers to Minors Act|Section 18-7-11 - Single custodianship.

§ 18-7-11. Single custodianship.A transfer may be made only for one minor, and only one person may be the custodian. All custodial property held under this chapter by the same custodian for the benefit of the same minor constitutes a single custodianship.History of Section.P.L. 1985, ch. 389, § 2.
RI Gen L § 18-7-12 (2021)
2021 Rhode Island General Laws|Title 18 - Fiduciaries|Chapter 18-7 - Uniform Transfers to Minors Act|Section 18-7-12 - Validity and effect of transfer.

§ 18-7-12. Validity and effect of transfer.(a) The validity of a transfer made in a manner prescribed in this chapter is not affected by:(1) Failure of the transferor to comply with § 18-7-10(c) concerning possession and control;(2) Designation of an ineligible custodian, except designation of the transferor in the case of property for which the transferor is ineligible to serve as custodian under § 18-7-10; or(3) Death or incapacity of a person nominated under § 18-7-4 or designated under § 18-7-10 as custodian or the disclaimer of the office by that person.(b) A transfer made pursuant to § 18-7-10 is irrevocable, and the custodial property is indefeasibly vested in the minor, but the custodian has all the rights, powers, duties, and authority provided in this chapter and neither the minor nor the minor's legal representative has any right, power, duty, or authority with respect to the custodial property except as provided in this chapter.(c) By making a transfer, the transferor incorporates in the disposition all the provisions of this chapter and grants to the custodian, and to any third person dealing with a person designated as custodian, the respective powers, rights, and immunities provided in this chapter.History of Section.P.L. 1985, ch. 389, § 2.