§ 18-9-15. Institutions and contingent trusts exempt.
The provisions of this chapter shall not be applicable to charitable, religious, and educational institutions holding funds in trust exclusively for their own charter or corporate purposes nor to trusts in which the charitable interest is contingent upon the happening of an uncertain future event; provided, that upon the happening of the event vesting the charitable interest, the trust shall thereafter be subject to all the provisions of this chapter.
History of Section.P.L. 1950, ch. 2617, § 15; G.L. 1956, § 18-9-15.
Structure Rhode Island General Laws
Chapter 18-9 - Charitable Trusts
Section 18-9-1. - Division of charitable trusts — Establishment.
Section 18-9-2. - Administrator of charitable trusts.
Section 18-9-3. - Appointment and removal of assistants — Experts.
Section 18-9-4. - “Charitable trusts” defined.
Section 18-9-5. - Notice to attorney general of proceedings affecting charitable trusts.
Section 18-9-6. - Register of charitable trusts — Special assistant attorney general.
Section 18-9-7. - Register open to inspection — Registration fee.
Section 18-9-8. - Rules and regulations.
Section 18-9-9. - Investigations as to administration of trusts.
Section 18-9-10. - Notice to attend in investigations.
Section 18-9-11. - Court order to appear before attorney general — Contempt.
Section 18-9-12. - Privilege against self-incrimination unavailable — Immunity from prosecution.
Section 18-9-13. - Annual fiduciary’s report.
Section 18-9-14. - Reasonable care required regardless of language of trust.
Section 18-9-15. - Institutions and contingent trusts exempt.
Section 18-9-16. - Termination of certain charitable trusts.