§ 19-3.1-1. Scope.
The provisions of this chapter shall apply to any financial institution:
(1) Authorized by its agreement to form to exercise trust powers;
(2) Permitted to exercise such powers by laws of this state applicable to that financial institution on or before December 31, 1994; and
(3) To any bank or trust company duly organized under the laws of and carrying on business in another state that has established a trust branch office in this state subject to the provisions of § 19-3.1-6.
History of Section.P.L. 1995, ch. 82, § 41; P.L. 2003, ch. 174, § 2; P.L. 2003, ch. 178, § 2.
Structure Rhode Island General Laws
Title 19 - Financial Institutions
Section 19-3.1-2. - Power to hold and invest assets.
Section 19-3.1-2.1. - Permitted investments.
Section 19-3.1-3. - Financial institution acting as fiduciary.
Section 19-3.1-4. - Fiduciary bond given by financial institution.
Section 19-3.1-5. - Financial institutions administering burial grounds.
Section 19-3.1-6. - Foreign banks and trust companies — Agent to receive process.
Section 19-3.1-7. - Assets equal to capital stock as pledged — Preference over other creditors.
Section 19-3.1-8. - Deposits by financial institutions with general treasurer.
Section 19-3.1-9. - Certificates of deposit — Interest and income — Substitution of securities.