§ 19-3.1-4. Fiduciary bond given by financial institution.
In all cases in which a financial institution shall receive and accept appointment as executor, administrator, custodian, conservator, or guardian of any estate, the financial institution shall give bond in the same manner as provided by law in the case of individuals so appointed. The financial institution shall not be required to give surety upon any bond unless some person pecuniarily interested in the estate, before the bond is given, files a written request, in the court of probate making the appointment, that bond with surety be given, in which case the court may require the financial institution to give bond with surety or sureties satisfactory to the court in the manner provided by law in the case of individuals appointed.
History of Section.P.L. 1995, ch. 82, § 41.
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.