§ 34-4-9. Management of proceeds of sale — Supervision by court.
The trustee or trustees appointed under § 34-4-7 shall give bond in such form and for such an amount as the court may order, shall receive, hold, and invest the proceeds of any sale, and shall pay, apply, and distribute the proceeds, and any income therefrom, to or for the benefit of the persons who would have been entitled to the real estate and the income therefrom if the sale had not been made, and shall have full power in his, her, or their discretion, or, if a corporation, in the discretion of its officer or committee duly authorized, from time to time to invest, reinvest, and change the investment of the proceeds; and the court shall have jurisdiction of all matters thereafter arising in relation to the trust, including the removal of a trustee and the appointment of another in his or her stead, or filling a vacancy in the trusteeship whenever the occasion requires.
History of Section.G.L. 1896, ch. 201, § 20; G.L. 1909, ch. 252, § 20; G.L. 1923, ch. 296, § 20; G.L. 1938, ch. 433, § 9; P.L. 1947, ch. 1953, § 1; G.L. 1956, § 34-4-9.
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.