§ 18-10-1. Authority to register security in name of nominee.
Any trust company or national banking association doing business in this state when acting as executor, administrator, guardian, conservator, testamentary trustee, or trustee under any other instrument, whether alone or jointly with an individual or individuals, may, with the consent of the individual fiduciary or fiduciaries, if any, who are authorized to give consent, cause any stock, shares, bonds, debentures, notes, mortgages, or other securities in any corporation, business trust, or association, or any other personal property held in any capacity, to be registered and held in the name of a nominee or nominees of the trust company or national banking association, which nominee or nominees may be an individual or individuals, a partnership, or a corporation, without mention of the trust or fiduciary relationship in the certificate or other instrument or document representing the property or evidencing the title to the property.
History of Section.P.L. 1958, ch. 101, § 1.
Structure Rhode Island General Laws
Chapter 18-10 - Registration of Securities in Name of Nominee
Section 18-10-1. - Authority to register security in name of nominee.
Section 18-10-2. - Direction for registration by individual fiduciary.
Section 18-10-3. - Liability of trust company or banking association — Accounts to show ownership.
Section 18-10-4. - Corporation or transfer agent relieved of liability on transfer of stock.