§ 34-4-6. Trustee of timber land subject to life estate.
When it appears that wood and timber standing on land, the use and improvement of which belongs, for life or otherwise, to a person other than the owner of the fee in the land, have ceased to improve by growth, or ought for any cause to be cut, the superior court may on petition appoint a trustee, and authorize and empower the trustee to sell and convey the wood and timber, to be cut and carried away within a time to be limited in the order of sale, and to hold, invest, reinvest, and change the investment of the proceeds thereof, after paying therefrom the expenses of the sale, and to pay over the income, above the taxes and other expenses of the trust, to the person entitled to the use and improvement while his or her right thereto continues, and, at the expiration of the right, to pay the principal sum to the owner of the land. When wood and timber have been cut as provided by this section, no more shall be cut on the land by the person entitled to the use and improvement without permission from the court. When a sale is authorized under this section, the trustee shall give, to the person as the court shall designate, a bond for the use and benefit of the persons interested in the proceeds of the sale, with condition for the faithful discharge of the trust; and the court may from time to time remove the trustee and appoint another in his or her stead, or fill a vacancy in the trusteeship whenever occasion may require.
History of Section.G.L. 1896, ch. 201, § 12; C.P.A. 1905, §§ 1220, 1229; G.L. 1909, ch. 252, § 12; G.L. 1923, ch. 296, § 12; G.L. 1938, ch. 433, § 6; G.L. 1956, § 34-4-6.
Structure Rhode Island General Laws
Chapter 34-4 - Estates in Real Property
Section 34-4-1. - Presumed death from absence of life tenant.
Section 34-4-2. - Grant for life with remainder to heirs in fee.
Section 34-4-2.1. - Reservation of life estate with enhanced powers.
Section 34-4-3. - Purported grant of estate greater than owned by grantor.
Section 34-4-4. - Expectant estates not dependent on precedent estates.
Section 34-4-5. - Bar of estates tail preserved — Defeat of expectancies provided for by grantor.
Section 34-4-6. - Trustee of timber land subject to life estate.
Section 34-4-9. - Management of proceeds of sale — Supervision by court.
Section 34-4-10. - Construction of amendment to § 34-4-9.
Section 34-4-11. - Conveyance of contingent, executory, and future interests.
Section 34-4-12. - Rights against lessee in remainderman taking precedent estate by merger.
Section 34-4-13. - Rights of entry not defeated by descent or discontinuance.
Section 34-4-14. - Liability of lands for debts of tenant in tail.
Section 34-4-15. - Conveyance of fee simple by tenant in tail.
Section 34-4-16. - Conveyance by life tenant and remainderman in tail.
Section 34-4-17. - Barring of equitable estates tail.
Section 34-4-18. - Right of grantee of equitable estate tail to conveyance of legal interest.
Section 34-4-19. - Limitation of possibilities of reverter and rights of entry.
Section 34-4-20. - Possibilities of reverter and rights of entry exempt from limitation.
Section 34-4-21. - Limitation of restrictive covenants.
Section 34-4-22. - Expiration of recorded options affecting real estate.
Section 34-4-23. - Expiration of recorded instruments affecting real estate.
Section 34-4-25. - Invalidity of certain restrictive covenants.
Section 34-4-26. - Expiration of recorded rights affecting real estate.
Section 34-4-27. - Title to real estate — Trusts.
Section 34-4-28. - Title to real estate — Trusts — Conveyance to named trust.